Economics 2016 Waec Past Questions and Answers

Question 41 :

• WAEC 2016

Indirect taxes are generally

A. Progressive
B. Regressive
C. Equitable
D. Proportionate

Question 42 :

• WAEC 2016

Fiscal policy that can control inflation will include the use of

A. Balanced budgeting
B. Tax holidays
C. Budget deficit
D. Budget surplus

Question 43 :

• WAEC 2016

Which is following is a cause of under-development in West Africa

A. Availability of manpower
B. Increasing population
C. High rate of capital formation
D. Large size of market places

Question 44 :

• WAEC 2016

Which of the following is not a major problem of development

A. Shortage of skilled manpower
B. Inadequate data for planning
C. Political instability
D. Poor identification of projects

Question 45 :

• WAEC 2016

The principle of comparative cost advantage was propounded by

A. David Ricardo
B. Alfred Marshal
C. J. S Mill
D. Adam Smith