Free Economics WAEC (WASSCE) Objective Past Questions

If the production of 5 bags of rice are given up by a farmer in order to produce 1 bag of maize, this implies that, to the farmer,

Commodities with negative income elasticities of demand are categorized as

Use Figure 2 to answer the question below

The curve labelled z is

The table below shows the percentage paid as tax on different income levels.

Use it to answer the question below.

Which tax system is progressive? Tax system

The fixed cost of producing 100 units of a good is $600. If the variable cost is $400, the average total cost of one unit of the good is

In determining the growth of a country’s population, infant mortality is a component of

An economic system is mainly concerned with

At what point on the total product curve shown below will marginal product be negative?

When job vacancies are publicized, the government is mainly trying to solve the problem of

The supply of land for agricultural purposes can be increased through _________.