WAEC Economics Past Questions, Answers, And Explanations - Economics

Waec Economics Questions

Question 171:

WAEC 1991

Which of the following is a function of money? It is

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A Portable
B A standard of diferred payment
C Relatively stable in value
D Generally acceptable
E An easily divisible item

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Question 172:

WAEC 1991

The productivity of labour does not depend only o its own effort and efficiency, but also on I the level of technical knowledge II. the quality of other factors III. racial qualities which allow persons from certain races to have good physique and be very active . Which of the above statements is /are correct?

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

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Question 173:

WAEC 1991

A tax is said to be good when

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A It yields more revenue to the state at the expense of the people's ability to pay
B The cost of collecting it is equal to the revenue it generates
C It is imposed so suddenly that no one can dodge its payment
D Its payment causes minimum incovenience to the tax payer
E It induces workers to prefer more leisure to extra work

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Question 174:

WAEC 1991

Which of the following is a public corporation?

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