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Waec 1999 Economics Past QuestionsQuestion 31:The creation of utility can be referred to as A. Value added B. Profit maximization C. Entreprenuership D. Production Question 32:Government revenue will increase if tax is imposed on a good whose demand is A. Elastic B. Inelastic C. Unitary elastic D. Perfectly elastic Question 33:Occupational distribution of population is mainly influenced by A. Economic factors B. Religious factors C. Geographical factors D. Social factors Question 34:proportional tax refers to A. Taxation of the rich only B. Equal tax rate for all people C. Unequal tax rate for all people D. Taxation of civil servants only Question 35:which of the following is not n item of capital expenditure? A. Construction of highways B. Building of dams C. Payment of salaries and wages D. Building of a new universities |
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