WAEC past questions review
There will be two papers - Paper 1 and Paper 2; both of which will be combined in a 3 hour composite paper.
Paper 1: will consist of fifty multiple choice questions to be taken in 1 hour for 50 marks.
Paper 2: will consist of eight essay- type questions in two sections: Sections A and B. Section A shall be on data response. Candidates will be required to answer four questions in all, choosing one question from Section A and any three questions from Section B. The paper shall last 2 hours for 80 marks. 1. One of the advantages of large scale production is that A. there is a rise in the cost of administration. B. consumers sacrifice their individual tastes.
C. the firm can use labour-saving machinery. D. the demand for a firm’s products becomes localized.
2. The location of timber and plywood industries in West Africa is mainly influenced by the availability of
A. transport. B. water. C. raw materials. D. labour supply. 3. Malthus’ population theory states that A. high death rate may lead to low productivity. B. population may outgrow the means of subsistence.
C. people will always decide to have children. D. migration may leave some parts of the world barren.
4. Which of the following is not likely to be an effect of a growing population?
A. Rise in demand B. Unemployment C. Fall in standard of living D. High per capita income
5. Personal savings are generally low in West Africa because of
A. the level of income of the people. B. the refusal of banks to grant loans. C. overpopulation.
D. cheaper foreign currencies.
6. Devaluation of currency in a country is likely to lead
A. increasing population. B. increasing imports. C. exports becoming cheaper. D. reduced exports.
7. Which of the following is not a benefit derived from the petroleum industry?
A. Increased foreign exchange earnings B. Establishment of refineries and petrochemical industries
C. Employment of a greater proportion of the population D. Development of airports, seaports and other social infrastructure
8. An efficient weapon used in resolving disputes between employees is
A. co-operation. B. collective bargaining. C. display of placards. D. legal action.
9. Which of the following features best describes peasant agriculture in West Africa? It
A. specializes in the production of one crop. B. involves the use of small farm holdings.
C. is a capital-intensive system of farming. D. is mostly
PAPER 2 (ESSAY)
2. (a) Distinguish between economic system. (b) Explain the following terms: (i) production; (ii) distribution; (iii) consumption.
3. (a) With the aid of a diagram, explain a minimum price.
(b) State any five measures by which a minimum price for an agricultural produce can be made effective. candidates, if the environment is not conducive.
Reports said about 1,606,753 candidates were registered for this year’s examination which was a decline from 1,735,892 registered candidates last year; the 2014 figures include 174 visually impaired candidates and 196 prison inmates.
Meanwhile, the supervising Minister of Education, Nyesom Wike has said the ongoing strike action by the Academic Staff Union of Polytechnics (ASUP) and Colleges of Education Academic Staff Union (COEASU) would soon be resolved through the President’s intervention.
Wike fielded questions from journalists early in the week gave the assurance saying, “No government will be happy that students are roaming the street. We must promise what is practicable. Not just making promises without fulfilling them. Be rest assured that it will be resolved.”
ASUP commenced its strike since October 2013 bringing it to about seven months since polytechnics shut down nationwide. However, COEASU joined the strike since December 2013, two months after.
associated with tree crops
1. The table below represents a traveller’s consumption of bottles of Coca-Cola. (a) Determine the missing figures D, E, F, G and H. (b) Draw the demand curve for the traveller’s consumption of Coca-Coca.
(c) Explain the law of diminishing marginal utility as the basis for the slope of the traveller’s demand curve.
economic activities and an