Economics Past Questions And Answers
The active intervention of the central authorities in the management of a country's economy rest upon the?
- A. failure of the market force to produce satisfactory result
- B. superiority of the centrally planned economy over the private enterprise economy
- C. result-oriented nature of the private enterprise economy
- D. cost-minimization strategy of a mixed economy
The information that rank a consumer preferences is given by
- A. Scale of preference
- B. Indifference map
- C. Demand schedule
- D. Supply schedule
An economic condition in which much reduced economic activity co-exists with inflation is referred to as__________
- A. stagflation
- B. inflationary spiral
- C. slump inflation
- D. inflationary gap
A demand schedule shows the quantities of goods that are
- A. bought at given price at a time
- B. supplied at given prices at a time
- C. produced at given prices at a time
- D. reserved for future consumption
An arrangement of data in rows and columns is referred to as
- A. graph
- B. bar chart
- C. pie chart
- D. table
Economics problems arise in all societies because
- A. resources are mismanaged by leaders
- B. there is no proper planning
- C. resource are not in adequate supply
- D. the services of economists are not employed
Ajanka, a medical student entitled to an annual allowance of N6,000, decides to leave the university to take up a job where he earns N7,000 per annum. By this singular act, the national income level will?
- A. increase by N1,000
- B. decrease by N 7,000
- C. increase by N7,000
- D. increase by N 13,000
The standard deviation of a set of data is
- A. always measured from the mode
- B. the most representative of averages
- C. always measured from the median
- D. a measure of dispersion
(a) What is a capital market? [5 marks]
(b) Describe any three instruments used in the capital market. [15 marks]
View Discussion (0)WAEC 2009 THEORYWhich of the following is likely to hinder labour mobility in Nigeria?
- A. Higher wages elsewhere
- B. Cultural similarities
- C. Good accommodation elsewhere
- D. Ignorance of job opportunities elsewhere