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Economics 1999 WAEC Past Questions

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16
when all factor inputs are doubled , the production possibly curve will
  • A. shift from left to right and return to its orignal position
  • B. shift from left to right
  • C. remain in its former position
  • D. shift from right to left
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17
income elasticity of demand is measurement of the responsiveness of
  • A. price to change in income
  • B. quantity demanded to change in income
  • C. change in expenditure to change in income
  • D. change in expenditure to change in price of the commodity
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18
The establishment of industries in rural areas will help to reduce
  • A. urban-rural migration
  • B. urban-urban migration
  • C. rural-urban migration
  • D. rural-rural migration
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
19
Government imposes taxes mainly to
  • A. punish the citizens
  • B. provide social amenities
  • C. donates to poorer countries
  • D. execute white elephant projects
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20
In a perfect market price and quantity to be bought are determined by the
  • A. consumers and retailers
  • B. producers and wholesalers
  • C. forces of demand and supply
  • D. interest of government and producers
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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