WAEC SSCE - Economics - 2018 (Objective)

which of the following is not a measure for reducing balance of payments deficits?

wholesalers play an important role in the distribution of goods and services because they?

local firms can help in reducing unemployment in a country when?

goods whose demand vary directly with money income are called?

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

the stock exchange is an example of the?

an exceptional demand curve can result from?

in the the longrun, a firm must shut down if its average revenue is?

if the marginal utility of a commodity is equal to its price then

public limited liability companies are democratic in nature because?

which of the following cannot be classified as a natural resource

A market is in equilibrium when?

one advantage of international trade is that

in the event of bankruptcy owners of joint-stock companies lose?

which of the following measure can be adopted to stabilize the external value of the local currency?

if the price of commodity X rises and consumers shift to commodity Y, then commodity X and Y are?

if a housewife has meat and tomatoes, she must find someone who wants meat and has tomatoes to give. this concept is described as?

which of the following forms of economic integration is a member nation free to impose duty against

Nations engage in international trade because of difference in?

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

which of the following is not emphasized in a production possibility curve

in a country with large population of full-time housewives, national income 

what happens when the central bank increases bank rate in an economy

an industry is described as a group of firms

positive checks as envisaged by Thamos Malthus can be prevented if

Economic problem arise in all society because?

The larger a firm, the lower its cost of production

This statement explains the?

at output level 5, the total variable cost is?

the backward bending supply curve of labour indicates?

which of the following factors is not a reason for farmer's unstable incomes

income is redistributed when the rich are progressively taxed and?

a downward sloping demand curve means that?

The largest component of national income in developing countries consist of?

A supply curve parallel to the X- axis indicates?

producers operating in a free market economy are more efficient as a resulf of?

the organisation of productive factors is the reponsibility of the?

A price floor is usually fixed 

one benefit a country can derive from the extraction of crude oil is increase in?

A firm average cost decreases in the longrun because?

if workers at the school canteen sell during the holidays, this is an example of?

the poorer the country, the larger the percentage of labour force engaged in?

The International bank for reconstruction and development (IBRD) performs the following functions except?

An electrical engineer who is teaching physics in a secondary school is said to be 

palm oil and palm kernel are in?

demand pull inflation is likely to be caused by?

the total fixed cost is?

A baker bought flour and other ingredients for $250.00, spent $52.00 on distribution, sold the bread for $320.00. the value added by the baker is?

which of the following is true about supply of land?

Holding money to take care of contigencies is?