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Economics Past Questions and Answers

Waec Economics Questions

Question 1636:
the stock exchange is an example of the?
  • A Labour market
  • B Money market
  • C Commodity market
  • D Capital market
View Answer & Explanation
Question 1637:
what happens when the central bank increases bank rate in an economy
  • A Borrowing is discouraged
  • B Customers increase their borrowing
  • C Banks can increase their lending
  • D Money supply increases
View Answer & Explanation
Question 1638:
income is redistributed when the rich are progressively taxed and?
  • A More private schools are established
  • B Subsidy is provided on petroleum products
  • C More public goods are provided
  • D Farmers are given guaranteed prices
View Answer & Explanation
Question 1639:
in order to increase revenue, government should tax commodities for which demand is?
  • A Perfectly price inelastic
  • B Price inelastic
  • C Price elastic
  • D Unitary elastic
View Answer & Explanation
Question 1640:
which of the following activities will not lead to economic growth?
  • A Massive importation of capital goods
  • B Intensive capital formation locally
  • C Use of modern technology
  • D Massive importation of consumer goods
View Answer & Explanation