2005 WAEC SSCE Economics Past Questions

2005

The profit of the producers can be calculated as the

2005

Among the principles of taxation propounded by Adam Smith was that

2005

The central banks control credit in the economy through the use of

2005

Discounting a bill of exchange means the bill is

2005

The lender of last resort in the banking system is the

2005

A commercial banks deposits are

2005

To improve the balance of payment s position in West African countries, there must be

2005

When the value of a nation’s export is greater than its imports

2005

The theory of comparative cost advantage is associated with

2005

Government revenue from the groundnut industry is from

2005

Mr. Bala’s income is $800.00 per month while that of Mr. Jatau is $1,200.00. If Messrs. Bala and Jtau pay $80.00 and $120.00 respectively as taxes, the tax system is

2005

In a capitalist system goods are produced for those who

2005

An essential characteristics of market economy is

2005

Mono-product economies are those that

2005

One reason for the low agricultural production in West African countries is that

2005

The Economic Community of the West African States (ECOWAS) is an example of

2005

Which of the following is not an objective of the Organization of Petroleum Exporting Countries (OPEC)?

2005

Economic development is define as

2005

In calculating the national income of a country x, the cost of both raw materials and the finished products were included. This is a case of

2005

An economy which exhibits features of both private and State enterprises is known as

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