WAEC SSCE - Economics - 2015 (Objective)

The difference between the gross domestic product (GDP) and gross national product (GNP) IS?

which of the following is not an effect of many middlemen in the chain of production

A country has favourable terms of trade when the prices of her 

which of the following is not a reason for abnormal demand

which of the following business organisations is likely to experience disagreements between management and shareholders

when the demand for foreign exchange exceeds its supply, the value of the domestic currency 

Government revenue will increase if taxes are levied on goods with?

An outward shift of the production possibility curve shows that?

which of the following is a benefit to a member country of World Bank?

increase in production subsidies will shift 

which of the following is not a strong basis for trade unions demand for higher wages

one reason for low agrictural productivity in most west African countries is that?

location of firms of an industry is not influenced by?

The law of diminishing marginal returns relate to?

which of the following will not affect the market price of a commodity

An industry is best described as 

In developing countries, a larger percentage of the labour force is employed in the

In national income accounting, the term ''net'' is used to indicate that a value-----

Use the information to answer the following question

what is the total revenue from non tax sources

The market supply curve slopes upward from left to right indicating that?

Total cost is obtain by?

which of the following is not a method of controlling monopoly

if a given change in price brings a proportionately larger change in quantity demanded, the

The proportion of commercial banks' total assets kept in the form of highly liquid assets is known as 

Economics is regarded as a science because it?

which of the following curves is not U shaped

The export of west A frican countries are mostly composed of

which of the following is not an objective of economic planning

By adding all the marginal products at each level of employment of the variable input, we obtain a value equal to 

A concious effort of government to achieve a specific set of goals is?

Use the information to answer the following question

what is the total revenue from indirect tax

Frictional unemployment occurs when?

which of the following best describes token money?

if the price of a commodity Z falls and a consumer buys less of it, then commodity Z is a

In order to correct adverse balance of payments problem, government should? 

A disadvantage of the mean as measure of central tendency is that?

The abolition of all forms of trade barriers among member countries while maintaining common external tariffs against non members is a feature of a

which of the following will increase the demand for labour

In order to calculate total utility (TU) from given levels of marginal utility (MU), one has to?

which of the following can be described as land

All the following are methods of determing prices except?

which of the following features distinguishes a public limited company from a private limited company

Inflation may occur if there is?

The movement of labour from one grade to an entirely different grade is an example of?

The following constitute the criteria for identifying an economic system except?

In order to control inflation, the government should

The main item traded on a stock exchange market is 

If the price of floor rises, then bread