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Economics 1999 WAEC Past Questions

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WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
1
The money payment made to owners of land and labour are
  • A. rent and wages
  • B. interst and profits
  • C. wages and interest
  • D. didvidends and salary
  • E. tax
View Answer & Discuss WAEC 1999
2
The price elasticity of coefficient indicates
  • A. how far business can reduce cost
  • B. the degree of competition
  • C. the extent to which curve shifts
  • D. consumer responsiveness to price changes
  • E. none of the above
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3
every society strive to pursue all the following economic objectives except
  • A. increase production
  • B. price stability
  • C. an inequitable distribution of income
  • D. sustainable growth and income
View Answer & Discuss (3) WAEC 1999
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4
which of the following best describes capital as a factor of production?
  • A. a natural resources found everywhere
  • B. a stock of physical assets used for production
  • C. the organization of human and material resources for production
  • D. resources used in training labour
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5
The system whereby goods are exchanged for goods is known as
  • A. stock exchange
  • B. barter system
  • C. banking
  • D. co-operative system
View Answer & Discuss WAEC 1999
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Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts