Waec Economics Past Questions and Answers

Question 1351:

• WAEC 2013

Exchange control is a weapon used in regulating

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

Question 1352:

• WAEC 2013

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

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

Question 1353:

• 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

Question 1354:

• WAEC 2013

If a commodity has a high marginal utility, its market price will be

A. Stable
B. High
C. Zero
D. Constant

Question 1355:

• WAEC 2013

Price fluctuation is a feature of

A. Common market
B. Imperfect market
C. Supermarkets
D. Market failure