Waec Economics Past Questions For Year 1989
Question 6
money supply at any given point in time refers to as
- A. bank notes, coins abd demand deposits
- B. notes and coins only
- C. minted money
- D. hoarded money
- E. money received as gifts
Question 7
In Economics market is define as
- A. A place where buyers and sellers come together to exchange goods
- B. Any agreement made for consumers to buy all they need
- C. any arrangement made for producers to sell all their goods
- D. any arrangement where by buyers and sellers are in close touch with one another
- E. a place where only consumer goods are sold
Question 8
An inflation in which the price rises steadily at an average rate of about 2% per annum is best described ad
- A. Galloping
- B. Induced
- C. Creeping
- D. Suppressed
- E. Run-away
Question 9
Mobility of labour is not affected by
- A. the optimum size of population
- B. marriage and family
- C. the regulation of trade unions
- D. the period of training
- E. culture and religious beliefs
Question 10
the indicator of the value of money in the market is the
- A. the general price level
- B. effective supply
- C. the equilibrium price
- D. effective demand
- E. consumer income
