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Economics 1999 WAEC Past Questions

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21
When price elasticity of supply is equal to 0.4, supply is said to be
  • A. inelastic
  • B. elastic
  • C. unitary elastic
  • D. public utilities
View Answer & Discuss WAEC 1999
22
In the money market , money can only be borrowed for
  • A. long term
  • B. short term
  • C. capital project
  • D. public utilities
View Answer & Discuss (1) WAEC 1999
23
Deflation can be controlled by increase in
  • A. the bank rate
  • B. income tax
  • C. the price level
  • D. the budget deficit
View Answer & Discuss WAEC 1999
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24
Mortgage banks give loan to investors on long term basis to
  • A. finance agriculture
  • B. establish banks
  • C. acquire machinery
  • D. build houses
View Answer & Discuss WAEC 1999
25
The situation where by a government spends more than its budgets for a fiscal year is known as
  • A. extra budget
  • B. surplus budget
  • C. mid-year budget
  • D. deficit budget
View Answer & Discuss WAEC 1999
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