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Economics Past Questions and Answers

Waec Economics Questions

Question 1881:
Demand-pull inflation can be as a result of ____________
  • A Increase in the cost of production.deficit financing by the government.
  • B Excessive supply of foodstuff
  • C Increase in import duties.
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Question 1882:
An increase in cash ratio by the central bank will ____________
  • A Increase the supply of money.
  • B Increase banks lending
  • C Encourage borrowing.
  • D Reduce the supply of money.
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Question 1883:
When a government cuts down her expenditure to reduce inflation, she has embarked on ____________
  • A A restrictive Fiscal policy.
  • B An expansionary monetary policy.
  • C Physical policy.
  • D Implementing budget deficit
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Question 1884:
In order to enable the government of a country to increase its tax revenue, it will be advisable for it to increase taxes on ____________
  • A Textile materials with elastic demand
  • B Alcoholic beverages with inelastic demand
  • C Agricultural products with inelastic supply
  • D Luxury goods with elastic supply
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Question 1885:
People who dispose of their assets are expected to pay ____________
  • A Value added tax
  • B Capital gains tax
  • C Expenditure tax
  • D Sales tax
View Answer & Explanation