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Economics 2014 WAEC Past Questions

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6

A normal supply curve has a positive slope which indicates that

  • A. sellers are willing to sell more at a lower price
  • B. sellers are indifferent to prices
  • C. sellers are willing to sell more at a higher price
  • D. there is always a fixed supply
View Answer & Discuss (2) WAEC 2014
7

To control inflation, the central bank of a country may adopt

  • A. an expansionary monetary policy
  • B. a restrictive monetary policy
  • C. an increased wage policy
  • D. a deficit financing policy
View Answer & Discuss (2) WAEC 2014
8

Disposable income is the income earned

  • A. by the nationals of a country resident within the country
  • B. from prouctive activities of nationals of a country both at home and abroad
  • C. when personal income tax is deducted from personal income
  • D. when the gross income of an individual is added to person income tax
View Answer & Discuss WAEC 2014
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9

Livestock production in West Africa is hindered mainly by

  • A. inadequate demand
  • B. use of traditional implements
  • C. land tenure system
  • D. pests and diseases
View Answer & Discuss WAEC 2014
10

The components of a three-sector economy are

  • A. banks, schools and hospitals
  • B. workers, producers and marketers
  • C. households, firms and the government
  • D. producers, retailers and wholesalers
View Answer & Discuss WAEC 2014
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts