WAEC Economics Questions And Answers 2021 (100%) Updated Essay And Obj Real | Verified Expo


WAEC Economics Questions And Answers 2021, Free (100%) Updated expo WAEC Economics Answers for Objective and Essay.  Verified expo for WAEC Economics 2021 for (May/June) 2021 Economics examination. WAEC Economics objective and theory answers for sure distinction in WAEC result in Economics expo runz .The West African Examinations Council (WAEC) is an examination board established by law to determine the examinations required in the public interest in the English-speaking West African countries, to conduct the examinations and to award certificates comparable to those of equivalent examining authorities internationally..

Recommended: WAEC Timetable 2021: See Free 2021 WAEC Exam Exercise Timetable

If you would like to get the question paper and answer direct to your number through WASAP , Send #300 MTN CARD To 09056757610. Once You have done that Send us your WASAP Number to  09056757610. Please do not call. Only Message.


We want you to have excellent result in your WAEC EXAMINATION. We understand that you are a student and as such we are providing this questions and answers for free.

Recruitmentmat is forever free NECO & WAEC free question and answer platform. We can never and will never request money from you.

Keep refreshing this page  for updates on WAEC Economics runz/expo 2021

WAEC Economics Questions And Answers 2021

WAEC 2021 Economics verified questions Loading.

Please hold on as we are currently solving the questions for 2021 Economics. At this point, just keep refreshing the page. Once the we are through with answering the Economics question we will upload it tonight for you. Keep refreshing the page.


Today’s WAEC Economics OBJ Answers: (2021 Answers)

For Accuracy, Answers will be loaded in this page 2 hours to the main exam. 

WAEC Economics Obj Answers  

Economics OBJ Loading
Keep refreshing this page as we are through with answering the questions and typing. The 2021 Economics is now under verification. Once the Verification stage is completed in few minute, the answers will be loaded in this page.
Economics OBJECTIVE Now Loading…99.9%


2021 WAEC Economics Questions Theory Answers (Expo)

2021 Answers Loading…99% Stay tune and keep refreshing

Today’s Economics 2 ( Essay) Answers (2021) 

WAEC Economics ESSAY 2021

Today’s Economics Essay

Now Typing And Loading Answers Loading… Keep checking and reloading this page

Today’s Economics Answers

WAEC Economics Answers 2021

Keep refreshing this page as the 2021 Economics essay / theory answers will load in few minute.

(i) Open market operation (omo): open market operation is the purchase o sale of government securities in the open market to expand or restrict the volume of money in circulation. The central bank applies this policy with the aim of regulating the volume of money in circulation. When there I too much money in circulation,  the central bank will sell securities. But in otder to expand the volume,  it buys securities.
(ii) Bank rate: this is the minimum rate of interest charged by the central bank for discounting bill o exchange. By lowering or raising the rate,  the central bank can control the activities of the commercial banks. When the rate increases,  loan to the public reduces, while a fall in the rate will encourage more loans.
(i) Banker to the government: central bank is an agent and banker to the government.
(ii) Issuance and control of currency: the central bank has the right to order the printing of the currency an the issuance of it. It control the circulation of currency,  exchange of bad notes for new ones,  and sees to the destruction o the bad notes.
(iii)  Banker’s bank: the central bank acts as banker to the banks by ensuring that the banks open accounts with it in order to facilitate clearing of cheques.
(iv) Lender of last resort: the central bank has a duty to assis the banking system when the banks are in financial difficulties so that they can withstand the strain of excessive damands.
Economies of scale is the cost advantages that enterprises obtain due to their scale of operation, and are typically measured by the amount of output produced. A decrease in cost per unit of output enables an increase in scale.
(i) Technical Economies of Scale
(ii) Purchasing Economies of Scale
(iii) Managerial Economies of Scale
(i) Competitors
(ii) Workforce
(iii) Transport availability
Product retailing is the process when the dealing are based on tangible goods and usually a relationship with the buyer develops overtime when the buyer visits the product retailer frequently over a period of time.
(i)Breaking of bulk: The Wholesaler serves as a bulk breaker to the manufacturer to enable the retailer buy the goods
(ii)Price stability: They help to prevent price fluctuation by stocking the goods until they are demanded.
(iii)Information dissemination: Since the Wholesaler is more closer to the retailers and the consumers, he knows what they want and the complaints that has been made on the goods of the manufacturer.
(i)Packaging problems: The packaging of goods is not standardized. This may result in damage or loss in transit.
(ii) Inadequate transport facilities: The poor transport system also affects commodity distribution and marketing in the country. The roads are so bad that commodities sustain great damage due to accidents.
(iii) Long chain of distribution: There are too many middlemen. The numerous links along the chain of distribution make the price of commodities to increase considerably.
(Pick Anyone You Like)
Internal trade is trade that involves buying and selling taking place between two parties which are located within the political and geographical boundaries of a country
External trade is referred to as a trade that involves buying and selling of goods between two parties located in different countries or between two different countries
Internal trade takes place between the country borders, therefore only one country is involved
External trade involves the transactions between two or more countries.
Domestic currency will be used as the medium of payment for all the transactions
Payments for external trade transactions are received in a currency that is mutually agreed by the two parties involved in the trade
Internal trade has less risk as compared to external trade
External trade will be having more risk which can be due to currency fluctuations, economic state of countries, etc
Terms of trade (TOT) represent the ratio between a country’s export prices and its import prices, while Balance of trade (BOT) is the difference between the value of a country’s exports and the value of a country’s imports for a given period.
(i) Rapid Economic Development
(ii) Political Disturbance
(iii) High rate of Inflation
(iv) Change in demand
Entire labour force = 30+37+19+12.2+16.1+10.8+15.6+19+10.3 = 170million
(i) Primary sector ==> Mining + Fish farming + food crop production
% of primary sector = (16.1+10.8+15.6)/170 ×100%
= 12.5/170 × 100%
= 25%
(ii) Secondary sector ==> Shoe production + Fish processing + Baking
% of primary sector = (30+19+19)/170 × 100%
= 40%
(iii) Tertiary (%) = 100% – (40+25)%
= 35%
Ratio = 16.1/30 = 161:300
% Warehousing = 12.2/170 × 100%
= 7.2%
(i) Mixed economy
(ii) Government and individuals can feature in the three sectors

More Answers

The Part B of the economics answer will be posted here. Like we said, the question paper is now verified and our team have provided the answers to the question. We are right now typing the answers for you. Once the typing is completed, we will upload it here for free.

More 2021 WAEC Economics Questions and Answers 

Here the Economics part B will be uploaded for you. You do not need to worry. Disregard any 2021 Economics question you see in any other website. We real Economics answers for 2021 load in few minute

Now Loading, Keep Refreshing This page

Other WAEC 2021 Economics Questions Answers Related Subjects

See the below subjects

Play your Part As appreciation

We provide you all WAEC examination subject questions and answers for free. We believe in team work and we can not succeed alone. We can only succeed because of you. So while we help you, help us do a simple task by sharing this post as many time as possible in various platform. Invite your friends.

WAEC 2021 questions and answers will also be provided for free.

For update  about WAEC Economics Questions and Answers 2021 expo or any other subject, use the comment box and we will respond to your query.

WAEC 2021 Economics expo, 2021 WAEC Economics answers, 2021 WAEC Economics runs, 2021 WAEC Economics expo questions, WAEC ssce 2021 Economics expo answers, WAEC 2021 Economics objective and essay Expo answers now available, June Economics theory Answers for 2021, Economics Questions WAEC Ssce Expo Answers Here, Free WAEC Economics correct Expo 2021 answers Runz WAEC Economics, WAEC Ssce 2021 Free Economics essay Questions and Answers Expo for WAEC Economics Paper 1 and Paper 2 Questions and Answers Expo Now Posted



Please enter your comment!
Please enter your name here