Waec Economics Past Questions and Answers

Question 166:

• WAEC 1991

Dumping in Economics means the selling of goods in a foreign market

A. Ata a price below that received in the home market
B. At a price above that received in the home market
C. At a price equal to the cost price in the home market
D. In order to encourage indigenious producers
E. At a price equal to the selling price in the home market

Question 167:

• WAEC 1991

A shift of the demand curve to the right when the supply curve remains constant , implies that

A. Both price and quantity demanded will increase
B. Only price increases
C. Both price and quantity demanded will decrease
D. The price remains constant
E. The price falls

Question 168:

• WAEC 1991

The natural growth rate of a population is the

A. Sum of the birth rate and death rate
B. Sum of the birth rate and the net immigration rate
C. Birth rate minus the death rate
D. Birth rate divided by the net immigration
E. Death rate minus the net immigration

Question 169:

• WAEC 1991

in the event of a limited liability company going into liquidation, each shareholder

A. May lose a maximum of the amount he has invested
B. Lose nothing
C. Loses everything including his house
D. May have unlimited liability
E. Will lose the amount he has invested plus a proportion of his bank account

Question 170:

• WAEC 1991

Which of the following are direct taxes?

A. Sale taxes
B. Excise duties
C. Income and company taxes
D. Tarrif duties
E. Commodity taxes