WAEC SSCE - Economics - 2010 (Objective)

The following are examples of economic goods except

One disadvantages of direct taxes is that they

The total stock of money available for use in an economy is

Which of the following group of accounts make up the balance of payments?

Which of the following is not a member of the Economic Community of West African State (ECOWAS)?

The role of government in promoting agricultural development includes the following except

In which of the following ways has inflation adversely affected your country’s economy?

In order to stabilize oil price in the world market, there is the need for OPEC members to

A firm is said to be a public joint stock company when it

Which of the following is obtainable in a perfect market?

Excise duty is levied on

One advantage of the Sole Proprietorship over other forms of business organization is that it can

When the demand for a good is fairly inelastic, the burden of an indirect tax falls

An efficient weapon used in resolving dispute between employers and employees is

Which of the following is not an international economic organization?

Which of the following is not a concept in National Income Accounting?

Which of the following equation is appropriate for determining the Net Domestic Product (NDP)?

Find the median of the following set of scores 8,9,6,5,10

Which of the following over estimates the value of national income?

The best way of combating demand-pull inflation is to

A component of the national debt of a country is

All the following are source of finance to a joint stock company except

The function of the Central Bank as the lender of last resort means that when all other sources fail,

Which of the following is not a reason for holding money?

The public sector of an economy includes

Which of the following is a legal tender?

The wholesaler performs the following function except

A country whose population size is too small relative to its resource is

The following are all factors determining the location of industry except

A tent-making factory offers

The following are advantages of large scale agriculture except

Dumping means the selling of a good in a foreign market at a price that is

The Central Bank controls money supply through all the following except

One of the functions of the Central Bank is

A country's balance of payment is deficit when