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Economics 1999 WAEC Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
41
which of the following combination of qualities ensures a good tax system?
  • A. Deflationary equity, certainty and convinience
  • B. Economy convinience, certainty and equity
  • C. Economy, deflationary, inflationary and certainty
  • D. Economy, convinience, certainty and inflationary
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42
The quantity demanded of a commodity is influenced only by changes
  • A. tastes
  • B. weather
  • C. price of the commodity
  • D. Price of other commodities
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43
which of the following is an indirect tax
  • A. income tax
  • B. company tax
  • C. profit tax
  • D. sales tax
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WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
44
When a pen and a book is demanded together, the demand is said to be
  • A. composite
  • B. competitive
  • C. joint
  • D. derived
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45
The reward for capital is
  • A. interest
  • B. rent
  • C. risk premium
  • D. premium
View Answer & Discuss WAEC 1999
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208