Waec Economics 2011 Past Questions and Answers

Question 41:

• WAEC 2011

Cost push inflation is caused by a

A. Rise in the cost of production
B. Decrease in the transportation cost
C. Rise in demand for goods
D. Decrease in the cost of production

Question 42:

• WAEC 2011

Deposit held in a commercial bank are part of

A. Money supply
B. Transfer payments
C. Ordinary shares
D. Treasury bills

Question 43:

• WAEC 2011

One profitable form of business undertaken by the commercial banks is

A. The issuing of cheques
B. The payment of standing order
C. Lending money to borrowers
D. Accepting cheques from customers

Question 44:

• WAEC 2011

When governments wants to discourage consumption, they tax goods whose demand is

A. Price inelastic
B. Abnormal in nature
C. Price elastic
D. Normal in nature

Question 45:

• WAEC 2011

A rise in government expenditure can lead to

A. Higher inflation
B. Higher unemployment
C. Lower profits for industries
D. Lower importation of raw materials by industries