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Economics 1997 WAEC Past Questions

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16
If the price of product K declines , the demand curve for the complementary product J will
  • A. remain unchanged
  • B. shift to the right
  • C. decrease
  • D. shift to the left
  • E. slopes upwards
View Answer & Discuss (4) WAEC 1997
17
a stock exchange is a market that
  • A. deals with the exchange of commodities
  • B. deals with purchase and sales of securities
  • C. exchanges stockfish for lady fish
  • D. exchanges treasury bills for bills of exchange
  • E. sells foreign exchange
View Answer & Discuss WAEC 1997
18
The situation whereby government revenue is less than government expenditure is referred to as
  • A. budget deficit
  • B. balanced budget
  • C. budget surplus
  • D. budget statement
  • E. unfavourable budget
View Answer & Discuss WAEC 1997
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19
which of the following will not increase the population of a country?
  • A. an increase in birth rate
  • B. a decrease in death rate
  • C. better medical services
  • D. immigration
  • E. Emigration
View Answer & Discuss (2) WAEC 1997
20
the actual output of an economy is the output
  • A. which would exist if al resources were fully employed
  • B. produced by currently employed labour capital and land
  • C. produced in the consumer goods sector
  • D. produced in the capital goods sector
  • E. produced by agriculture sector
View Answer & Discuss WAEC 1997
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