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Economics 2000 WAEC Past Questions

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36
Abstention from consumption which enables capital to be produced is called
  • A. Savings
  • B. Production
  • C. Accumulation
  • D. Opportunity cost
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37
Which of the following will occur when the market is unstable?
  • A. Price will fluctuate
  • B. Demand will remain static
  • C. Unemployment will surely fall
  • D. Price will remain static
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38
Shares and stocks can be bought in the
  • A. Commodity market
  • B. Stock exchange
  • C. Money market
  • D. Open market
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39
Inflation can best be checked by
  • A. allowing supply to remain constant
  • B. decreasing supply and incresing wages
  • C. increasing supply and holding wages constant
  • D. decreasing supply and wages
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40
foreign exchange control in most West African countries is is enforced by the
  • A. development banks
  • B. Merchant banks
  • C. ministry of economic planning
  • D. Central banks
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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