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Economics WAEC Past Questions

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76
The reward of a debenture holder of a public company is a fixed rate of
  • A. Interest
  • B. Return
  • C. Dividend
  • D. Rent
  • E. Allowance
View Answer & Discuss WAEC 1989
77
The downward sloping of the Average Revenue curve of the monopolist indicates that he
  • A. Can control both output and price
  • B. Can only break-even
  • C. Can control either the output or the price, but not both
  • D. Can’t control anything
  • E. Exploit the consumer
View Answer & Discuss WAEC 1989
78
which of the following hard currencies is usually used in the pricing of oil at the world market particularly by the Organization of Petroleum Exporting Countries (OPEC)? The
  • A. US dollar
  • B. Japanese Yen
  • C. Pound Sterling
  • D. Deutschemark
  • E. Naira
View Answer & Discuss WAEC 1989
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79
Economics can be best defined as the study of
  • A. how to spend the family income efficiently
  • B. how to find minimum cost of production
  • C. the interpretation of scarce resourceand date
  • D. how scarce resource can be used efficiently
  • E. why resource are scarce
View Answer & Discuss WAEC 1990
80
which of the following are resources for holding money instead of investing it? I Transaction motive II. Precautionary motive III. Speculative motive IV. Liquidity motive
  • A. I and II only
  • B. I and III only
  • C. I, II and III only
  • D. I, II and IV only
  • E. II, III and IV only
View Answer & Discuss (4) WAEC 1990
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