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Economics Past Questions and Answers

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Waec Economics Questions

Question 1061:

A tax which is expressed as a given absolute sum of money per unit of a commodity is known as

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A A specific tax
B A direct tax
C An indirect tax
D A value added tax

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Question 1062:

All indirect taxes tends to be

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A Progressive
B Regressive
C Certain
D Equitable

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Question 1063:

Which of the following will have a more destabilizing effect on the economy?

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A A tax on the price of vehicle
B A tax on petrol
C A decrease in the supply of vehicle
D Moderate increase in wages

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Question 1064:

An important feature of economic development is

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A Population explotion
B Reduction in exports
C High literacy level
D Low exports

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Question 1065:

Trades among nations is desirable because

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A Enables people in a coutry to know those in other countries
B Makes it possible for people in a country to enjoy the goods and services produced in other countries
C Enables residents in country a to understand the language of residents of other countriesd
D Makes it possible for a country to have the currencies of other countries

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