WAEC SSCE - Economics - 2015 (Objective)

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

Inflation may occur if there is?

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

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

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

The export of west A frican countries are mostly composed of

Total cost is obtain by?

which of the following best describes token money?

which of the following is not an objective of economic planning

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

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

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

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

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

Use the information to answer the following question

what is the total revenue from indirect tax

which of the following will increase the demand for labour

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

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

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

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

The law of diminishing marginal returns relate to?

Economics is regarded as a science because it?

location of firms of an industry is not influenced by?

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

The main item traded on a stock exchange market is 

which of the following is not a method of controlling monopoly

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

which of the following curves is not U shaped

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

which of the following is not a reason for abnormal demand

increase in production subsidies will shift 

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

which of the following can be described as land

An outward shift of the production possibility curve shows that?

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

If the price of floor rises, then bread

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

In order to control inflation, the government should

An industry is best described as 

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

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

All the following are methods of determing prices except?

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

Use the information to answer the following question

what is the total revenue from non tax sources

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

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

Frictional unemployment occurs when?