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Economics Past Questions and Answers

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Waec Economics Questions

Question 166:

Dumping in Economics means the selling of goods in a foreign market

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A Ata a price below that received in the home market
B At a price above that received in the home market
C At a price equal to the cost price in the home market
D In order to encourage indigenious producers
E At a price equal to the selling price in the home market

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Question 167:

A shift of the demand curve to the right when the supply curve remains constant , implies that

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A Both price and quantity demanded will increase
B Only price increases
C Both price and quantity demanded will decrease
D The price remains constant
E The price falls

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Question 168:

The natural growth rate of a population is the

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A Sum of the birth rate and death rate
B Sum of the birth rate and the net immigration rate
C Birth rate minus the death rate
D Birth rate divided by the net immigration
E Death rate minus the net immigration

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Question 169:

in the event of a limited liability company going into liquidation, each shareholder

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A May lose a maximum of the amount he has invested
B Lose nothing
C Loses everything including his house
D May have unlimited liability
E Will lose the amount he has invested plus a proportion of his bank account

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Question 170:

Which of the following are direct taxes?

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A Sale taxes
B Excise duties
C Income and company taxes
D Tarrif duties
E Commodity taxes

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