Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

Economics 2024 WAEC Past Questions

Clear Selections
Change Subject Post a Question Check Syllabus Study My Bookmarks Past Questions Videos Watch Video Lessons Download App

Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
41

A commodity with perfectly inelastic demand has the burden of tax borne by 

  • A. both the sellers and the buyers.
  • B. the buyers alone.
  • C. the government alone.
  • D. both the buyers and the government.
View Answer & Discuss WAEC 2024
42

An increase in a country's production capacity usually leads to economic 

  • A. development.
  • B. stability.
  • C. growth
  • D. efficiency.
View Answer & Discuss WAEC 2024
43

One indicator of the low level of cap ital formation in developing countries is

  • A. low per capita income.
  • B. high rate of investment.
  • C. low importation of consumer goods.
  • D. high rate of household savings
View Answer & Discuss WAEC 2024
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
44

Balance of payments is defined as the 

  • A. difference between the values of visible imports and visible exports.
  • B. record of financial transactions between a country and the rest of the world.
  • C. relationship between prices of exports and prices of imports.
  • D. difference between a country's expected revenue and proposed expenditure
View Answer & Discuss WAEC 2024
45

Devaluation of currency will help to correct balance of payments deficit if a country's 

  • A. exports have perfectly inelastic demand.
  • B. imports have inelastic demand.
  • C. exports have elastic demand.
  • D. productivity is low.
View Answer & Discuss WAEC 2024
Start a Free Practice Test
 
Post UTME Past Questions Agent
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now