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Economics 1997 WAEC Past Questions

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26
The indigenisation policy in Nigeria is aimed at
  • A. nationalising foreign businesses
  • B. alternating foreign investors
  • C. commandeering foreign businesses in Nigeria
  • D. expelling foreign investors and taking over their investment
  • E. increasing equity participation and control by Nigerians
View Answer & Discuss WAEC 1997
27
the foregone alternative in Economics is simply the
  • A. marginal cost
  • B. cost of foreign products
  • C. total cost
  • D. opportunity cost
  • E. average cost
View Answer & Discuss WAEC 1997
28
all the following are different forms of money except
  • A. bank notes
  • B. demand deposits
  • C. coins
  • D. currency
  • E. bank sellers
View Answer & Discuss WAEC 1997
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29
The developments banks are essentially different from commercial banks because they
  • A. medium and long term loans
  • B. open current accounts for their customers
  • C. discount bills of exchange
  • D. are lenders of last resort
  • E. carry out open market operations
View Answer & Discuss WAEC 1997
30
The outward shift to the production possibility curve could be due to
  • A. military conquest
  • B. increased money supply
  • C. inflation
  • D. economic growth
  • E. massive importation
View Answer & Discuss WAEC 1997
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