Economics Past Questions And Answers
A major characteristic of a mixed economy is that
- A. economic decisions are made by both the rich and the poor
- B. both primary and secondary production are undertaken
- C. the federal and the state governments undertaken joint projects
- D. economic activities are undertaken by both the public and private sectors
(a) What is economic integration?
(b) Outline any three short-comings of the Economic Community of West African States (ECOWAS)
(c) Highlight any three achievements of the Economic Community of West African State (ECOWAS)
View Discussion (0)WAEC 2022 THEORYThe difference between birth and death rates of a given population is referred to as the
- A. mortality rate
- B. fertility rate
- C. natural growth rate
- D. linear growth rate
inflation caused by increase in demand can be curbed by
- A. exporting more goods and services
- B. hoarding of goods
- C. increasing the level of output
- D. increasing the level of money supply
(a) What is economic integration?
(b) Highlight any three problems of economic integration in west Africa.
View Discussion (0)WAEC 2007 THEORYAmount proposed for payment of wages and salaries in a budget is regarded as part of
- A. recurrent expenditure
- B. direct investment
- C. recurrent revenue
- D. capital receipts
One profitable form of business undertaken by the commercial banks is
- A. the issuing of cheques
- B. the payment of standing order
- C. lending money to borrowers
- D. accepting cheques from customers
Which of the following is not a form of money?
- A. coins
- B. bank notes
- C. bank balance
- D. bank deposit
To compare the standard of living among nations, the most widely used economic indicator is the
- A. real gross national income
- B. real domestic output
- C. real per capita income
- D. per capita nominal income
Supply is________
- A. A stock
- B. A Flow
- C. Constant
- D. A table