Waec Economics 1992 Past Questions and Answers

Question 16:

• WAEC 1992

which of the following does not increase the population of country

A. An increase in birth rate
B. A decrease in death rate
C. Emigration
D. Immigration
E. Early marriage

Question 17:

• WAEC 1992

A stockholder partakes of the profit of a l8imited liability business by receiving

A. Shares
B. Profit
C. Wages and salaries
D. Dividends
E. Gifts

Question 18:

• WAEC 1992

Near Money is made up of

A. Very liquid asset which can be easily converted into money
B. Currency in circulation and demand deposit
C. Note and coins
D. Fixed assets which cannot be converted into money
E. The total money supplied in the economy

Question 19:

• WAEC 1992

Which of the following is not characteristics of a perfect competition ?

A. Many sellers and buyers are in the market
B. There is perfect knowledge of the market situation
C. Supply and demand are equal
D. There is no discrimination
E. Products are identical

Question 20:

• WAEC 1992

Which of the following is not a negative effect of inflation

A. Lenders earn less
B. Pensioneers and salary earners on fixed income suffer
C. Exports tends to decline
D. Savings are discouraged
E. Borrowers tends to gain