Economics 2018 Waec Past Questions and Answers

Question 31 :

• WAEC 2018

demand pull inflation is likely to be caused by?

A. An increase in the cost of factors inputs
B. Increase in the income tax rate
C. Increase in bank lending rates
D. Increasingly large budget deficit

Question 32 :

• WAEC 2018

Holding money to take care of contigencies is?

A. A speculative motive
B. A transaction motive
C. A precautionary motive
D. An expansionary motive

Question 33 :

• WAEC 2018

if a housewife has meat and tomatoes, she must find someone who wants meat and has tomatoes to give. this concept is described as?

A. Opportunity cost
B. Scale of preference
C. Complementary demand
D. Double of coincidence of wants

Question 34 :

• WAEC 2018

the stock exchange is an example of the?

A. Labour market
B. Money market
C. Commodity market
D. Capital market

Question 35 :

• WAEC 2018

what happens when the central bank increases bank rate in an economy

A. Borrowing is discouraged
B. Customers increase their borrowing
C. Banks can increase their lending
D. Money supply increases