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Economics Past Questions

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Post UTME Past Questions Agent
1586
if the price of margarine rises substantially, the equilibrium price and quantity of butter demand will
  • A. decrease
  • B. increase
  • C. remain constant
  • D. fluctuate
  • E. be inelastic
View Answer & Discuss WAEC 1992
1587
Money as a unit of account implies that it can be
  • A. counted in units
  • B. use to facilitate exchange
  • C. used to measure the value of goods and services
  • D. used to store goods and services
  • E. used for future payment
View Answer & Discuss (3) WAEC 1992
1588
which of the following does not increase the population of country
  • A. an increase in birth rate
  • B. a decrease in death rate
  • C. emigration
  • D. immigration
  • E. Early marriage
View Answer & Discuss WAEC 1992
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1589
A stockholder partakes of the profit of a l8imited liability business by receiving
  • A. shares
  • B. profit
  • C. wages and salaries
  • D. dividends
  • E. gifts
View Answer & Discuss WAEC 1992
1590
Near Money is made up of
  • A. very liquid asset which can be easily converted into money
  • B. currency in circulation and demand deposit
  • C. note and coins
  • D. fixed assets which cannot be converted into money
  • E. the total money supplied in the economy
View Answer & Discuss WAEC 1992
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