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Economics 2013 WAEC Past Questions

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31

All rates of interest in a country are influenced by the

  • A. bank rate
  • B. population growth rate
  • C. wage rate
  • D. mortgage rate
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32

Exchange control is a weapon used in regulating

  • A. barter trade
  • B. stock exchange
  • C. foreign trade
  • D. internal trade
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33

When the marginal product is negative,the total product will be

  • A. constant
  • B. at a maximum
  • C. increasing
  • D. decreasing
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34

Physical productivity is affected by all the under listed factors except the

  • A. state of technology
  • B. quantity of inputs
  • C. quality of inputs
  • D. price of output
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35

If a commodity has a high marginal utility, its market price will be

  • A. stable
  • B. high
  • C. zero
  • D. constant
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