Study and practice Economics past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.
all the following are specific examples of indirect tax except
Apurchases tax
Bimport duty
Cexport duty
Dexcise duty
Epoll tax
View Explanation & Discuss
Question 823
waec1990
it is general belief that inflation in West Africa is caused by all the factors listed below except
Aexcessive bank lending
Bbudget deficit
Crising incomes
Dshortage supply
Edecrease in money supply
View Explanation & Discuss
Question 824
waec1990
which of the following are resources for holding money instead of investing it? I Transaction motive II. Precautionary motive III. Speculative motive IV. Liquidity motive
AI and II only
BI and III only
CI, II and III only
DI, II and IV only
EII, III and IV only
View Explanation & Discuss
Question 825
waec1990
Economics can be best defined as the study of
Ahow to spend the family income efficiently
Bhow to find minimum cost of production
Cthe interpretation of scarce resourceand date
Dhow scarce resource can be used efficiently
Ewhy resource are scarce
View Explanation & Discuss
Question 826
waec1989
which of the following hard currencies is usually used in the pricing of oil at the world market particularly by the Organization of Petroleum Exporting Countries (OPEC)? The
AUS dollar
BJapanese Yen
CPound Sterling
DDeutschemark
ENaira
View Explanation & Discuss
Question 827
waec1989
The downward sloping of the Average Revenue curve of the monopolist indicates that he
ACan control both output and price
BCan only break-even
CCan control either the output or the price, but not both
DCan’t control anything
EExploit the consumer
View Explanation & Discuss
Question 828
waec1989
The reward of a debenture holder of a public company is a fixed rate of
AInterest
BReturn
CDividend
DRent
EAllowance
View Explanation & Discuss
Question 829
waec1989
Industry can simply be defined as
AMany firms producing different products
BA firm or firms producing similar goods and services
CDifferent firms producing different goods
DDifferent firms producing equal number of similar goods and services
EMany firms producing unidentical goods and services
View Explanation & Discuss
Question 830
waec1989
which of these does not encourage industrial development?
ATax exemption
BProvision of financial institution
CProvision of infrastructural facilities
DLimitation of markets for industruial products
EGovernment direct participation
View Explanation & Discuss
Question 831
waec1989
which of these does not encourage industrial development?
ATax exemption
BProvision of financial institution
CProvision of infrastructural facilities
DLimitation of markets for industruial products
EGovernment direct participation
View Explanation & Discuss
Question 832
waec1989
Inflation in any economy
AHas no monetary connection
BImplies a sustained decrease in the general price level
CAlways increase the value of national currency
DTends to redistribute income arbitrarily
ETends to bring down market prices
View Explanation & Discuss
Question 833
waec1989
Wages are to some extent determine by the
AMarginal utility of labour
BMarginal productivity of labour
CAverage productivity of labour
DTotal productivity of labour
EAmount of goods and services that the wage can fetch
View Explanation & Discuss
Question 834
waec1989
A legal tender is any
Aform of money
Bmeans of exchange authorized by the state
Ccommodity generally acceptable as a meduim of exchange
Dtotal productivity of labour
Eamount of goods and services that the wage can fetch
View Explanation & Discuss
Question 835
waec1989
which of the following is the most important reason why wages differ among occupations?
ALength and cost of training
BSupply of labour
CAttractiveness of the job
Dinfluence of trade unions
EGovernment decision
View Explanation & Discuss
Question 836
waec1989
The grouping of a population into males and females is known as the
Ageographical distribution
Bage distribution
Csex distribution
Dman-woman distribution
Eoccupational distribution
View Explanation & Discuss
Question 837
waec1989
Distribution is part of production because it
AMakes goods and services available to the final consumer
BTransport the goods from place to place
COffers employment to people
DEncourages the provision of good roads, waterways and railways
ELinks the consumer with the producer
View Explanation & Discuss
Question 838
waec1989
in a rapidly growing economy where human labour is being replaced by machines, there is likely to be
Aclassical unemployment
Bfrictional unemployment
Cseasonal unemployment
Dresidual unemployment
Ecyclical unemployment
View Explanation & Discuss
Question 839
waec1989
The money paid per hour or week for work done is known as
Acost
Btime rate
Cbonus
Dwage rate
Elabour
View Explanation & Discuss
Question 840
waec1989
which of the following is not correct?
APopulation refers to number of people living in a place
BThe population of a place is not static
CPopulation is known through a census
DPopulation is affected by the amount of money in circulation
