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Economics 1994 WAEC Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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31
Abstention from consumption enables capital to be produced . Such abstention is called
  • A. savings
  • B. production
  • C. accumulation
  • D. factors of production
  • E. opportunity cost
View Answer & Discuss WAEC 1994
32
Tax evasion in Economics means
  • 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
View Answer & Discuss WAEC 1994
33
The magnitude of the national income of a country depends on all the following except the
  • A. quantity of natural resources available
  • B. level of technical know-how
  • C. mobility of labour
  • D. level of productivity
  • E. quality and quantity of factors of production
View Answer & Discuss WAEC 1994
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34
The Quantity Theory of Money state that an increase in the quantity of money would bring about
  • A. a geometrical rise in price
  • B. an unequal rise in prices
  • C. a proportionate rise in prices
  • D. an absolute rise in prices
  • E. a less that proportionate increase in prices
View Answer & Discuss WAEC 1994
35
Under the ECOWAS agreement, a Nigerian can enter and stay in Ghana without a visa for a period of
  • A. 14 days
  • B. 30 days
  • C. 60 days
  • D. 90 days 100 days
View Answer & Discuss (3) WAEC 1994
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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