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Friday, 10 April 2026
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Economics Past Questions and Answers

Waec Economics Questions

Question 636:
public expenditure can be financed from all the following sources except the
  • A Borrowing
  • B Grant-in-aid
  • C Royalties and rent
  • D Mobilization fees
View Answer & Explanation
Question 637:
which of the following is a direct tax
  • A Import duty
  • B Export duty
  • C Capital gain tax
  • D Sales tax
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Question 638:
Tax evasion means
  • A Postponing paymeny of tax
  • B Tax payment according to ability to pay
  • C Making false declaration of taxable income
  • D Paying little amount of money as tax
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Question 639:
A greater burden of tax on a product with high price elasticity of demand rests mainly on the
  • A Producer
  • B Teacher
  • C Civil servant
  • D Middlemen
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Question 640:
An ad volarem tax refers to a tax
  • A Imposed on exports
  • B On goods manufactured in the country
  • C Based on the value of the commodity
  • D Levied on income
View Answer & Explanation