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WAEC WASSCE Economics 2001 past questions and answers

This 2001 WAEC WASSCE Economics set has 40 practice questions. Try these 5 free sample questions, tap a question to reveal the answer and explanation. Then practise the whole 2001 set with instant marking.

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Sample WAEC WASSCE Economics 2001 questions

1. A district has 240,000 people and covers 600 square kilometres; what is its population density?
  1. 400 people per square kilometre
  2. 40 people per square kilometre
  3. 1,440 people per square kilometre
  4. 4,000 people per square kilometre

Answer: A. 400 people per square kilometre

Population density is population divided by area, so 240,000 / 600 = 400 people per square kilometre.

2. A likely immediate effect of a large movement of people from rural areas into a city is
  1. a fall in demand for urban housing
  2. increased pressure on urban housing and public services
  3. a reduction in the city's labour force
  4. an automatic increase in rural farm output

Answer: B. increased pressure on urban housing and public services

A rapid influx of residents raises demand for housing, transport, schools and other urban services.

3. The ability of a worker to move from one region of a country to another in search of a job is called
  1. occupational mobility
  2. social mobility
  3. geographical mobility
  4. vertical integration

Answer: C. geographical mobility

Geographical mobility is the movement of labour between places or regions.

4. When production is divided into specialised tasks performed by different workers, a likely result is
  1. the elimination of all production costs
  2. a reduction in workers' skill through repetition in every case
  3. the disappearance of the need for coordination
  4. higher output per worker through specialisation

Answer: D. higher output per worker through specialisation

Specialisation can raise productivity because workers become more proficient at particular tasks.

5. A firm's total cost is N500 when it produces 4 units and N560 when it produces 5 units; what is the marginal cost of the fifth unit?
  1. N60
  2. N100
  3. N112
  4. N1,060

Answer: A. N60

Marginal cost is the change in total cost, which is N560 - N500 = N60.

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