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Economics 2010 WAEC Past Questions

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41

A component of the national debt of a country is

  • A. taxation
  • B. bank saving
  • C. the budget
  • D. treasury bills
View Answer & Discuss WAEC 2010
42

When the demand for a good is fairly inelastic, the burden of an indirect tax falls

  • A. more on the consumers of the goods
  • B. more on the sellers of the goods
  • C. on sellers and consumers equally
  • D. completely on the capital
View Answer & Discuss WAEC 2010
43

Dumping means the selling of a good in a foreign market at a price that is

  • A. below the home market price
  • B. above the home market price
  • C. equal to the home market price
  • D. able to clear the home market price
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44

Which of the following group of accounts make up the balance of payments?

  • A. the current account multiple account and capital account
  • B. Monetary movement account;company account and international account
  • C. cash acount; double entry account and current account
  • D. Capital account; current account and monetary movement account
View Answer & Discuss WAEC 2010
45

A country's balance of payment is deficit when

  • A. a country's payment for imports of visible goods are greater than her receipts from exports of visible goods
  • B. the total receipts from her exports of visible and invisible goods are greater than her payments for visible and invisible imports
  • C. it can record a surplus on current account of her balance of payment accounts
  • D. the total payment for visible and invisible imports are greater than the total receipts from her exports of visible and invisible goods
View Answer & Discuss (7) WAEC 2010
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