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Wednesday, 29 April 2026
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Economics Past Questions and Answers

Waec Economics Questions

Question 1346:
A government that wants to get more revenue will increase the tax on commodities with a
  • A High price elasticity of demand
  • B Low price elasticity of demand
  • C High income elasticity of demand
  • D Low income elasticity of demand
View Answer & Explanation
Question 1347:
Which of the following is involved in the money market?
  • A Building society
  • B Development banks
  • C Commercial banks
  • D Stock exchange
View Answer & Explanation
Question 1348:
Demand pull inflation can aptly be described as
  • A Inflation induced by rising costs of production
  • B Reduction in government expenditure
  • C Persistent rise in prices due to increase in expenditure
  • D Massive importation of goods from a country with hyper inflation
View Answer & Explanation
Question 1349:
In order to develop the banking habit of rural dwellers, the traditional money lenders should be
  • A Proscribed
  • B Legalized
  • C Subsidized
  • D Heavily taxed
View Answer & Explanation
Question 1350:
All rates of interest in a country are influenced by the
  • A Bank rate
  • B Population growth rate
  • C Wage rate
  • D Mortgage rate
View Answer & Explanation