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Economics

Economics · Quick practice · answer shown after each question

Basic concepts

Question 1 of 10

Question 1 of 10

Economics is best defined as the study of

Question 2 of 10

Question 2 of 10

The reward for land as a factor of production is

Question 3 of 10

Question 3 of 10

Economics is best described as the study of

Question 4 of 10

Question 4 of 10

A production possibility curve shows

Question 5 of 10

Question 5 of 10

A point inside the production possibility curve indicates

Question 6 of 10

Question 6 of 10

Economics is often defined as the study of how society

Question 7 of 10

Question 7 of 10

An outward shift of the PPC represents

Question 8 of 10

Question 8 of 10

The study of the economy as a whole is

Question 9 of 10

Question 9 of 10

Which of the following is an example of a free good?

Question 10 of 10

Question 10 of 10

Goods that are free in supply and have no price, such as air, are

Questions written by OtisamLMS in the style of the WASSCE. They are not WAEC past questions.