Waec Economics Past Questions and Answers

Question 1636:

• WAEC 2018

the stock exchange is an example of the?

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

Question 1637:

• 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

Question 1638:

• WAEC 2018

income is redistributed when the rich are progressively taxed and?

A. More private schools are established
B. Subsidy is provided on petroleum products
C. More public goods are provided
D. Farmers are given guaranteed prices

Question 1639:

• WAEC 2018

in order to increase revenue, government should tax commodities for which demand is?

A. Perfectly price inelastic
B. Price inelastic
C. Price elastic
D. Unitary elastic

Question 1640:

• WAEC 2018

which of the following activities will not lead to economic growth?

A. Massive importation of capital goods
B. Intensive capital formation locally
C. Use of modern technology
D. Massive importation of consumer goods