Economics Past Questions And Answers
An increase in nominal income without increase in price will result to
- A. increased real income
- B. increased GDP
- C. decreased real income
- D. decreased GNP
A disadvantage of concentrating industries in an area is that it could?
- A. lead to conclusion among the firms
- B. result in evironmental pollution
- C. bring about diseconomies of scale
- D. increase the cost of production
Economic development may be hindered if there is
- A. a high pool of skilled labour
- B. a high rate of economic growth
- C. political stability
- D. rapid population growth
Give reasons for development planning in Nigeria.
View Discussion (0)WAEC 1990 THEORYThe non-bank financial institutions that are entrusted with workers contributions towards retirements are
- A. Mortgage institutions
- B. Investment companies
- C. Pension funds custodians
- D. Pension funds administrators
In the process of production, total output is at maximum when
- A. MP=0
- B. MP > 0
- C. AP = 0
- D. AP > 0
Suppose the Consumer Price Index (CPI) in 1989 is 124.0 and the CPI in 2990 is 130.7 the CPI expressed as a percentage is
- A) 6.7%
- B) 5.4%
- C) 7.6%
- D) 4.5%
A country should embark on development planning to ensure that
- A. it becomes popular among the comity of nations
- B. it also does what others are doing
- C. its scarce productive resources are efficiently utilized
- D. the nation is able to contribute its own quota to international organizations
The use of interest rates to control the money supply is a
- A. control policy
- B. monetary policy
- C. developmental policy
- D. fiscal policy
Under the ECOWAS agreement, a Nigerian can enter and stay in Ghana without a Visa for a period of ________
- A. 100 days
- B. 30 days
- C. 90 days
- D. 14 days