WAEC SSCE - Economics - 2017 (Objective)

A measure of the value of money in an economy is the

which of the following is an example of derived demand

Modern international trade is based on the principle of?

if the weight of five puppies in kilograms are 3.5, 3.0, 4.2, 5.0 and 4.3, then mean weight of the puppies is?

which of the following is an implication  of a large population

The amount of money that a firm recieves from the sales of its output is called

Economics is regarded as a science because?

in an industrial area, the location of industries is particularly influenced by ?

A demand curve parallel to the Y-axis indicates

Dumping in international occurs when a foreign firm sells

one of the major functions of money is?

A rightward shift in the supply curve of a commodity is brought about by an increase in?

which of the following is not a feature of economic underdevelopment 

parallel markets are usually the results of 

The specialization of labour enhances production because people?

Infant industries can be described as?

Effective supply is the total amount of a commodity 

The difference between demand and wants is in the

if a state owned firm is sold through the stock market, the organisation becomes?

the value added method used in measuring national income is to 

the negative effects of mining in wast A frica does not include?

A civil engineer who accepts to teach elementary science in a primary school because he cannot get a paid engineering job is an example of?

The function that distinguishes commercial banks from the central bank is that the former 

Equity shares form the bulk of the capital of a?

Another term for equilibrium price is?

which of the following can be added to a firm's profit to obtain total revenue

which of the following is a threat to the existence of middlemen

one way of speeding up the economic development of a country is by encouraging

when a firm is enjoying internal economies of scale, its?

The control of aggregate demand through changes in government spending and tax rates is referred to as?

The system of agriculture which involves the cultivation of crops and rearing of animals for family consumption only is termed?

the opportunity cost of a worker going to the university  is

increase in the supply of a product can be caused by?

which of the following items is not an example of circulating capital

Direct taxes include?

which of the following is trueof the monopolist

which of the following is most likely to be of benefit to a debtor

Which of the following resources is renewable

if the coefficient of cross elasticity of demand for goods Y and Z is positive, the two goods are?

price elasticity of supply can be influenced by the following factors except?

which of the following terms of trade is recorded in a country's current account section of the balance of payments

one objective of organisation of patroleum exporting countries (OPEC) is to?

in a market economy, the problem of what goods to produced is solved primarily by

a rational consumer will purchase a product whose price is?

The total number of people of working age who are willing and prepared to work at a given wage rate is the 

one problem facing the economic integration of countries in west Africa is the

which of the following is a transfer income

which of the following is a threat to the existence of middlemen