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Economics Past Questions and Answers

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Waec Economics Questions

Question 516:
WAEC 1999
The quantity demanded of a commodity is influenced only by changes
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  • A Tastes
  • B Weather
  • C Price of the commodity
  • D Price of other commodities
View Answer & Explanation
Question 517:
WAEC 1999
which of the following is an indirect tax
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  • A Income tax
  • B Company tax
  • C Profit tax
  • D Sales tax
View Answer & Explanation
Question 518:
WAEC 1999
When a pen and a book is demanded together, the demand is said to be
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  • A Composite
  • B Competitive
  • C Joint
  • D Derived
View Answer & Explanation
Question 519:
WAEC 1999
The reward for capital is
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  • A Interest
  • B Rent
  • C Risk premium
  • D Premium
View Answer & Explanation
Question 520:
WAEC 1999
Infant industries are industries that
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  • A Deals in the production of infant books
  • B Are in their earlier stage of production
  • C Produce dresses for infants
  • D Are well established
View Answer & Explanation

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