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Economics Past Questions and Answers

Economics Questions

Question 2676:
WAEC 2000
Why do governments impose taxes?
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    Question 2677:
    WAEC 2000
    Give five reasons for the low rate of industrial growth in your country.
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      Question 2678:
      WAEC 2001
      Economic problems arises because
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      • A Resource are scarce relative to wants
      • B Man is insatiable
      • C Money is scarce
      • D Man engages in too many economic activities
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      Question 2679:
      WAEC 2001
      The economic system in which resource are privately owned dis known as
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      • A Capitalism
      • B Socialism
      • C Communism
      • D Unitarism
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      Question 2680:
      WAEC 2001
      Quasi-rent refers to
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      • A Payment made on aquisition of a firm's premises
      • B Payment made for the procurement of tools and equipments
      • C Returns on investment
      • D Payments made on any factors of production that is temporaly fixed in supply
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