Waec Economics 1999 Past Questions and Answers

Question 41:

• WAEC 1999

balance of trade is define as the relationship between

A. Invisible imports and exports
B. Visible and invisible exports
C. Imports and exports of services
D. Visible exports and visible imports

Question 42:

• WAEC 1999

which of the following combination of qualities ensures a good tax system?

A. Deflationary equity, certainty and convinience
B. Economy convinience, certainty and equity
C. Economy, deflationary, inflationary and certainty
D. Economy, convinience, certainty and inflationary

Question 43:

• WAEC 1999

The quantity demanded of a commodity is influenced only by changes

A. Tastes
B. Weather
C. Price of the commodity
D. Price of other commodities

Question 44:

• WAEC 1999

which of the following is an indirect tax

A. Income tax
B. Company tax
C. Profit tax
D. Sales tax

Question 45:

• WAEC 1999

When a pen and a book is demanded together, the demand is said to be

A. Composite
B. Competitive
C. Joint
D. Derived