Waec Economics 1989 Past Questions and Answers

Question 36:

• WAEC 1989

Inflation in any economy

A. Has no monetary connection
B. Implies a sustained decrease in the general price level
C. Always increase the value of national currency
D. Tends to redistribute income arbitrarily
E. Tends to bring down market prices

Question 37:

• WAEC 1989

which of these does not encourage industrial development?

A. Tax exemption
B. Provision of financial institution
C. Provision of infrastructural facilities
D. Limitation of markets for industruial products
E. Government direct participation

Question 38:

• WAEC 1989

which of these does not encourage industrial development?

A. Tax exemption
B. Provision of financial institution
C. Provision of infrastructural facilities
D. Limitation of markets for industruial products
E. Government direct participation

Question 39:

• WAEC 1989

Industry can simply be defined as

A. Many firms producing different products
B. A firm or firms producing similar goods and services
C. Different firms producing different goods
D. Different firms producing equal number of similar goods and services
E. Many firms producing unidentical goods and services

Question 40:

• WAEC 1989

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