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Economics WAEC Past Questions

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81
it is general belief that inflation in West Africa is caused by all the factors listed below except
  • A. excessive bank lending
  • B. budget deficit
  • C. rising incomes
  • D. shortage supply
  • E. decrease in money supply
View Answer & Discuss WAEC 1990
82
all the following are specific examples of indirect tax except
  • A. purchases tax
  • B. import duty
  • C. export duty
  • D. excise duty
  • E. poll tax
View Answer & Discuss WAEC 1990
83
Demand in Economics is synonymous with
  • A. needs
  • B. wants of the consumer
  • C. all goods demanded in the market
  • D. wants supported with ability to pay
  • E. all consumers goods
View Answer & Discuss WAEC 1990
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84

All the following factors will cause a change in demand except

  • A. the consumer's income
  • B. the consumer's taste
  • C. a change in population size
  • D. a change in weather condition
  • E. the price of commodity
View Answer & Discuss (2) WAEC 1990
85
A rational consumer tends to do all the following except
  • A. buying more at a high price than at a low price
  • B. buying more at a low price than at a high price
  • C. buying at utility maximization
  • D. reacting to price changes
  • E. complying with the law of demand
View Answer & Discuss WAEC 1990
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