2005 WAEC SSCE Economics Past Questions

2005

when all factors input are reduced by half, the production possibility curve will shift

2005

The production factor, whose entire world supply is fixed is

2005

The desire for goods without the ability to pay is called

2005

Price control refers to

2005

To achieve an equilibrium position, the consumer must buy so much of each commodity whose price is equal to its

2005

A factor that has slowed down the rate of industrial development in West Africa is

2005

A group of firm producing similar commodities for the same market constitute

2005

If elasticity of demand for a commodity is less than one, demand is

2005

one of the factors determining price elasticity of demand for a commodity is the

2005

If the government fixed a price of a commodity above equilibrium price, the quantity supplied will be

2005

At the equilibrium price, quantity demanded is

2005

amount of goods offered to the market at respective prices and presented in a table is called

2005

information about new goods is passed on to buyers through

2005

In which of the following business units are the owners mostly customers?

2005

Wholesalers are often criticized because they

2005

The transfer of ownership of a public enterprise to individuals and firms is called

2005

A persistent and appreciable rise in the general level of price is known as

2005

The term demand for money means

2005

Acceptability, durability, homogeneity and portability are all attributes of good

2005

The direct exchange of one goods for another without the use of money is known as

1 2 3