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Economics WAEC Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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1111

A government that wants to get more revenue will increase the tax on commodities with a

  • A. high price elasticity of demand
  • B. low price elasticity of demand
  • C. high income elasticity of demand
  • D. low income elasticity of demand
View Answer & Discuss WAEC 2013
1112

Which of the following is involved in the money market?

  • A. Building society
  • B. Development banks
  • C. Commercial banks
  • D. Stock exchange
View Answer & Discuss (2) WAEC 2013
1113

Demand pull inflation can aptly be described as

  • A. inflation induced by rising costs of production
  • B. reduction in government expenditure
  • C. persistent rise in prices due to increase in expenditure
  • D. massive importation of goods from a country with hyper inflation
View Answer & Discuss WAEC 2013
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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1114

In order to develop the banking habit of rural dwellers, the traditional money lenders should be

  • A. proscribed
  • B. legalized
  • C. subsidized
  • D. heavily taxed
View Answer & Discuss (1) WAEC 2013
1115

All rates of interest in a country are influenced by the

  • A. bank rate
  • B. population growth rate
  • C. wage rate
  • D. mortgage rate
View Answer & Discuss WAEC 2013
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts