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Wednesday, 15 July 2026
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Economics Past Questions and Answers

Economics Questions

Question 2531:
WAEC 1998
An imperfect competitor is in equilibrium when
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  • A Marginal cost (MC) is equal to Marginal Revenue (MR)
  • B Marginal Revenue (MR) equal to Price (P)
  • C Average Revenue(AR) is equal to Average Cost (AC)
  • D Output (Q) is equal to Average Revenue (AR)
  • E Average Revenue (AR) is equal to Marginal Revenue (MR)
View Answer & Explanation
Question 2532:
WAEC 1998
Which of the following is used to measure inflation?
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  • A Opem market operation
  • B Cash-deposit ratio
  • C Price index
  • D Multiplier
  • E Fiscal policy
View Answer & Explanation
Question 2533:
WAEC 1998
If a government which owned a company N10,000 in 19196 paid the debt fully in 1985 when the value of money has depreciated by 20 Percent , such a government had
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  • A Lost
  • B Been placed at par with the company
  • C Gained
  • D Stabilizing the value of money
  • E Increased the value of money
View Answer & Explanation
Question 2534:
WAEC 1998
Banks create money by
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  • A Giving drafts to customers
  • B Printing more money
  • C Lending our deposits to borrowers
  • D Issuing cheques
  • E Depositing exes cash in the trills
View Answer & Explanation
Question 2535:
WAEC 1998
The West African house was established to
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  • A Finance development projects in Africa
  • B Enhance financial transaction among memebers countries
  • C Provide technical assistance to memebers countries
  • D Stabilize price in developing countries
  • E Service the debts of the African Countries
View Answer & Explanation

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