Economics Past Questions

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1506

which of the following are resources for holding money instead of investing it? I Transaction motive II. Precautionary motive III. Speculative motive IV. Liquidity motive

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

View Answer & Discuss (4) WAEC 1990

1507

it is general belief that inflation in West Africa is caused by all the factors listed below except

A. excessive bank lending
B. budget deficit
C. rising incomes
D. shortage supply
E. decrease in money supply

View Answer & Discuss WAEC 1990

1508

all the following are specific examples of indirect tax except

A. purchases tax
B. import duty
C. export duty
D. excise duty
E. poll tax

View Answer & Discuss WAEC 1990

1509

Demand in Economics is synonymous with

A. needs
B. wants of the consumer
C. all goods demanded in the market
D. wants supported with ability to pay
E. all consumers goods

View Answer & Discuss WAEC 1990

1510

All the following factors will cause a change in demand except

A. the consumer's income
B. the consumer's taste
C. a change in population size
D. a change in weather condition
E. the price of commodity

View Answer & Discuss (2) WAEC 1990

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