Search SchoolNGR

Economics Past Questions and Answers

Waec Economics Questions

Question 1686:

All the following are the economic reasons for establishing public enterprises except the provision of ,

SchoolNGR Classroom

A An avenue for expressing national prestige
B Services at a cheaper cost
C Socially necessary facilities
D Services which are natural monopolies
E Employment opportunities

View Answer & Explanation

Question 1687:

The unemployment associated with decrease in demand is referred to as

SchoolNGR Classroom

A Disguised
B Imposed
C Cyclical
D Voluntary
E Functional

View Answer & Explanation

Question 1688:

Monopoly can best be described as a market in which

SchoolNGR Classroom

A A single seller sells a product which has no close substitute
B Few sellers sell a product s at different prices
C The entry of other firms is restricted by the few firms in the market
D Two or more sellers sell a product which is differentiated
E A single buyer buys a product which has no close substitutes

View Answer & Explanation

Question 1689:

which of the following market structure are imperfect in competition. I monopoly II duopoly III oligopoly

SchoolNGR Classroom

A I only
B II and III only
C I and II only
D I and III only
E I,II and III only

View Answer & Explanation

Question 1690:

Demand-pull inflation results when there is

SchoolNGR Classroom

A Inadequate improvement in the wage rate of workers
B Execessive demand due to high purchasing power
C Excessive supply of raw materials for production
D Rise in productivity of the factors of production
E Excessive rise in the standard of living

View Answer & Explanation

Stay Updated

Follow us on:

Subjects