Waec Economics 2013 Past Questions and Answers

Question 31:

• WAEC 2013

In order to develop the banking habit of rural dwellers, the traditional money lenders should be

A. Proscribed
B. Legalized
C. Subsidized
D. Heavily taxed

Question 32:

• WAEC 2013

All rates of interest in a country are influenced by the

A. Bank rate
B. Population growth rate
C. Wage rate
D. Mortgage rate

Question 33:

• WAEC 2013

Exchange control is a weapon used in regulating

A. Barter trade
B. Stock exchange
C. Foreign trade
D. Internal trade

Question 34:

• WAEC 2013

When the marginal product is negative,the total product will be

A. Constant
B. At a maximum
C. Increasing
D. Decreasing

Question 35:

• WAEC 2013

Physical productivity is affected by all the under listed factors except the

A. State of technology
B. Quantity of inputs
C. Quality of inputs
D. Price of output