1999 WAEC SSCE Economics Past Questions

1999

The system whereby goods are exchanged for goods is known as

1999

Profits can be calculated by

1999

A priority rating of aggregate individuals wants is called

1999

Per capita income in any West African country is measured by

1999

The benefits that result from concentrating similar firms in an area is referred to as

1999

In long run, all factors inputs are

1999

Government imposes taxes mainly to

1999

The establishment of industries in rural areas will help to reduce

1999

income elasticity of demand is measurement of the responsiveness of

1999

when all factor inputs are doubled , the production possibly curve will

1999

The marginal revenue curve of a monopolist is

1999

Mortgage banks give loan to investors on long term basis to

1999

Deflation can be controlled by increase in

1999

In the money market , money can only be borrowed for

1999

When price elasticity of supply is equal to 0.4, supply is said to be

1999

In a perfect market price and quantity to be bought are determined by the

1999

The reduction in the value of a country's currency of other nations is known as

1999

A form of tax in which the poor pay a higher rate than the rich is known as

1999

One quality of money which makes it possible to be carried easily is its

1999

In a socialist economy, factors of production are owned and controlled by the

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