Economics

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Past Questions

Question 4621
waec 2023
a

government protection and funding

b

technological economies of scale

c

financial economies of scale

d

external economies of scale

Question 4622
waec 2023
a

is inefficient in the production of both commodities X and Y

b

is more efficient than country N in producing both commodities X and Y

c

can produce only commodity Y cheaper than country N

d

and country N are efficient in the production of both goods

Question 4623
waec 2023
a

acting as trustees and executors of wills

b

acting as intermediaries between government and borowers

c

serving as custodians of valuables

d

giving financial advice to the government

Question 4624
waec 2023
a

residual unemployment

b

cyclical unemployment

c

technological unemployment

d

frictional unemployment

Question 4625
waec 2023
a

there is a decrease in the demand for goods and services

b

there are too many goods in circulation

c

the same amount of money buys lower quantity of goods

d

people prefer to lend than to borrow

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