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Economics 2008 WAEC Past Questions

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41

All indirect taxes tend to be

  • A. progressive
  • B. regressive
  • C. certain
  • D. equitable
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42

Which of the following will have a more destabilizing effect on the economy?

  • A. a tax on the price of vehicle
  • B. a tax on petrol
  • C. a decrease in the supply of vehicle
  • D. moderate increase in wages
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43

An important feature of economic development is

  • A. population explotion
  • B. reduction in exports
  • C. high literacy level
  • D. low exports
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44

Trades among nations is desirable because

  • A. enables people in a country to know those in other countries
  • B. makes it possible for people in a country to enjoy the goods and services produced in other countries
  • C. enables residents in country a to understand the language of residents of other countriesd
  • D. makes it possible for a country to have the currencies of other countries
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45

Invisible trade refers to trade in?

  • A. services
  • B. goods and services
  • C. tangible goods
  • D. crude oil
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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
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