Economics

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Past Questions

Question 1676
waec 1994
a

supply of his goods is more elastic than the demand

b

demand for his products is completely elastic

c

production of his commodity is subject to diminishing returns

d

demand for his products is more elastic than the supply

e

demand for his products is completely elastic

Question 1677
waec 1994
a

the debt of a company can only be paid from its own assets

b

the debts of a company are paid from business as well as private funds of the owners

c

a company does not have to pay its debts

d

the debts of a company must be paid from a private funds only

e

government cannot tax a company

Question 1678
waec 1994
a

personal wealth

b

social wealth

c

government wealth

d

business wealth

e

public wealth

Question 1679
waec 1994
a

savings

b

production

c

accumulation

d

factors of production

e

opportunity cost

Question 1680
waec 1994
a

false declaration od assets

b

paying tax only as and when due

c

declaration of assets

d

tax payments according to income received

e

quarrelling with tax collector

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