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Economics WAEC Past Questions

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316
Demand-pull inflation results when there is
  • A. inadequate improvement in the wage rate of workers
  • B. execessive demand due to high purchasing power
  • C. excessive supply of raw materials for production
  • D. rise in productivity of the factors of production
  • E. excessive rise in the standard of living
View Answer & Discuss WAEC 1996
317
Changes in the value of money can be measured by
  • A. The distributors
  • B. A price index
  • C. A demand index
  • D. A supply index
  • E. The use of cheque
View Answer & Discuss WAEC 1996
318
The efficiency of a country's labour force depends on all the following except
  • A. improved working conditions
  • B. better and health care facilities
  • C. adequate training
  • D. stable economy
  • E. frequent strikes and lock-outs
View Answer & Discuss WAEC 1996
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319
which of the following is a bank's responsibility to it's shareholders?
  • A. making profits
  • B. creating money
  • C. paying high interest rate
  • D. preventing inflation
  • E. issuing currencies
View Answer & Discuss WAEC 1996
320
Deficit financing means
  • A. receiving grants from the IMF
  • B. having budget surplus
  • C. excessive government spending on banks
  • D. borrowing to finance a budget
  • E. inadequate supply of money from the finance companies
View Answer & Discuss WAEC 1996
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