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Economics WAEC Past Questions

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786
The economic system in which the state takes the economic decision s through detailed planning is
  • A. Capitalism
  • B. socialism
  • C. traditional economic system
  • D. mixed economic system
View Answer & Discuss WAEC 2006
787
A mixed economy combines the characteristics of both
  • A. planned and capitalist economies
  • B. exchange and subsistence economies
  • C. subsistence and planned economies
  • D. capital and exchange economies
View Answer & Discuss WAEC 2006
788
In a rapidly growing economy, a change in technology which is labour saving is likely to cause
  • A. residual unemployment
  • B. structural unemployment
  • C. disguised unemployment
  • D. frictional unemployment
View Answer & Discuss (2) WAEC 2006
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789
which of the following is a form of tax evasion?
  • A. wrong declaration of earnings
  • B. payment of flat rate tax
  • C. constant change of employment
  • D. low capacity utilization
View Answer & Discuss WAEC 2006
790
where the burden of a tax finally rests is called
  • A. tax object
  • B. tax rate
  • C. incidence of taxation
  • D. system of taxation
View Answer & Discuss (1) WAEC 2006
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