WAEC Economics Past Questions And Answers

The West African Examinations Council (WAEC) plays a pivotal role in the education system of West Africa, administering various exams, including Economics. If you’re preparing for the WAEC Economics exam, delving into past questions is a smart strategy. This article will provide you with a detailed guide on the importance of studying past questions, how to find and utilize them effectively, and essential tips for tackling them.

Why Studying Past Questions Matters:

Studying past questions for the WAEC Economics exam holds multiple advantages. Firstly, it familiarizes you with the exam’s structure, encompassing question types, quantity, and difficulty level. Secondly, past questions pinpoint areas that require more focus, highlighting frequently tested topics. This facilitates targeted studying. Thirdly, practicing past questions under timed conditions hones time management and quick, accurate answering skills crucial for the timed exam.

Locating and Utilizing Past Questions:

There are diverse avenues to access WAEC Economics past questions. You can purchase question booklets from bookstores or online platforms. Alternatively, various websites provide free or paid access to past WAEC exam questions. Once acquired, you can choose to simply answer the questions to acquaint yourself with the format or create practice tests by answering within the allocated time to enhance your time management skills.

Tips for Excelling in Past Question Answering:

Here are some valuable tips to optimize your performance when tackling WAEC Economics past questions:

  1. Read Instructions Thoroughly: Before answering, carefully read and understand the question instructions.
  2. Comprehend Questions: Ensure you grasp the meaning of questions before attempting answers.
  3. Seek Similar Questions: If uncertain, seek analogous questions in the past questions resource for guidance.
  4. Choose Comfortable Order: Answer questions in the order you feel most confident about.
  5. Manage Time Wisely: Avoid excessive time on a single question; if stuck, move on and return later.
  6. Review Answers: Prior to submission, review your answers meticulously to enhance accuracy.

WAEC Economics Past Questions and Answers – Sample: To offer a glimpse of WAEC Economics past questions,

here’s a selection:

  1. Scarcity in economics means that _______ A. human wants are limitless B. the economy has very few resources C. the economy can scarcely produce anything D. resources are limited.
  2. Air is essential to life but commands no price! But Diamond is not essential to life but commands a high price! This is the paradox of ______ A. thrift B. value C. abundance D. scarcity.
  3. Economics of scale operate only when ______ A. marginal cost is falling with input B. average cost is falling with input C. fixed cost is variable D. variable cost is less than the fixed cost.

Conclusion:

Mastering WAEC Economics past questions is a potent tool for exam success. By studying these questions, you gain insight into the exam’s structure, focus your studies on pertinent topics, and refine your time management skills. Utilize this guide, access past questions, and implement the tips shared to elevate your preparation and performance in the WAEC Economics exam.