1988 WAEC SSCE Economics Past Questions

1988

When the demand for a commodity is inelastic, total revenue will fall if

1988

When the price of commodity A increases, the demand for commodity B decreases, then A and B are

1988

Price control can be defined as the fixing by Government of maximum or minimum price of

1988

Which of these factors does not cause a change in demand?

1988

Which of the following is not a feature of Sole Proprietorship?

1988

An economic system in which most capital goods are owned by individuals and private firms is known as

1988

Nigerian indigenization decree was promulgated in order to

1988

If a producer sells 1kg of rice for N20 and his marginal products is 100kg, what is the highest wage he can pay the marginal labourer?

1988

The two largest producers of crude oil in Nigeria are

1988

Which of these does not relate to the law of comparative advantage?

1988

Which of the following statements is true about terms of trade?

1988

Which of the following are the most liquid assets to a commercial bank?

1988

Which of these best explains Malthusians theory of population?

1988

The International Bank of Reconstruction and Development (IBRD) is important to the developing nations because it

1988

Which of the following roles is being played by the Organization of Petroleum Exporting Countries (OPEC) with regards to Nigeria’s crude oil?

1988

Which of the following is not an item of capital expenditure?

1988

The drawer of a cheque is the

1988

International trade and domestic trade are similar in all aspects except that

1988

A condition which adversely affects expansion of production is

1988

The imposition of high income tax by government to cut down demand is known as

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