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Economics Past Questions and Answers

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Waec Economics Questions

Question 571:
WAEC 2000
The most unique quality of money is its
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  • A Relative scarcity
  • B Divisibility
  • C Durability
  • D General acceptability
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Question 572:
WAEC 2000
Abstention from consumption which enables capital to be produced is called
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  • A Savings
  • B Production
  • C Accumulation
  • D Opportunity cost
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Question 573:
WAEC 2000
Which of the following will occur when the market is unstable?
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  • A Price will fluctuate
  • B Demand will remain static
  • C Unemployment will surely fall
  • D Price will remain static
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Question 574:
WAEC 2000
Shares and stocks can be bought in the
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  • A Commodity market
  • B Stock exchange
  • C Money market
  • D Open market
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Question 575:
WAEC 2000
Inflation can best be checked by
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  • A Allowing supply to remain constant
  • B Decreasing supply and incresing wages
  • C Increasing supply and holding wages constant
  • D Decreasing supply and wages
View Answer & Explanation

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