Waec 2024 Economics Question 1

Practice objective / multiple choice question 1 from the 2024 Waec Economics examination. This question covers Economics .

Waec 2024 Economics Objective / Multiple Choice 2 Difficulty
Topic: Economics
Question 1 WAEC • 2024 • ECONOMICS • objective

There is scarcity when A. the means exceed society's wants. B. demand for resources is greater than its supply. C. supply of resources is greater than its demand. D. private ownership of productive inputs.

Answer Options

Correct Answer A. the means exceed society's wants.
B. demand for resources is greater than its supply.
C. supply of resources is greater than its demand.
D. private ownership of productive inputs.
Correct Answer
A
Correct Option:
the means exceed society's wants.

About This Question

This is Waec 2024 Economics Question 1. It is one of the objective questions from the 2024 Waec Economics examination.

The question covers Economics .

Difficulty level: 2 .

View More Waec 2024 Economics Questions More Waec Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support