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Economics Past Questions and Answers
Classroom
Waec
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Exam year
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Question type:
Question type
Objective
Theory
Topics:
Topics
Waec Economics Questions
Question 811:
WAEC 2004
The act of selling goods in foreign markets at prices below those charged at home market is called
SchoolNGR Classroom
A
Exchange
B
Specialization
C
Dumping
D
Exporting
View Answer & Explanation
Question 812:
WAEC 2004
Taxes levied on commodities are
SchoolNGR Classroom
A
Direct taxes
B
Indirect tax
C
Poll tax
D
Investment taxes
View Answer & Explanation
Question 813:
WAEC 2004
One disadvantages of direct tax is that
SchoolNGR Classroom
A
Government's revenue is reduced
B
Price of essential commodities fall
C
People are discouraged from additional work
D
Firms make more profit
View Answer & Explanation
Question 814:
WAEC 2004
International trade is an application of the principle of
SchoolNGR Classroom
A
Industrial production
B
Mass production
C
Regional co-operation
D
Comparative cost advantage
View Answer & Explanation
Question 815:
WAEC 2004
Trade among West African countries is poor because the
SchoolNGR Classroom
A
Countries are self-sufficient
B
Communication links are weak
C
Number of banks is insufficient
D
People are not enterprising
View Answer & Explanation
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