WAEC Economics Past Questions & Answers - Page 185

921.

Taxes levied on commodities are

A.

Direct taxes

B.

Indirect tax

C.

Poll tax

D.

Investment taxes

Correct answer is B

No explanation has been provided for this answer.

922.

A major problem facing the Economic Community of West African States (ECOWAS) as an economic integration, is the

A.

Increasing population

B.

Willingness of members to co-operate

C.

Geographical contiguity

D.

West trade relation

Correct answer is D

No explanation has been provided for this answer.

923.

The act of selling goods in foreign markets at prices below those charged at home market is called

A.

Exchange

B.

Specialization

C.

Dumping

D.

Exporting

Correct answer is C

No explanation has been provided for this answer.

924.

To ensure high employment rate, developing countries should

A.

Build more universities

B.

Protect infant industries

C.

Organize trade fairs

D.

Prevent rural-urban drift

Correct answer is B

No explanation has been provided for this answer.

925.

Budget deficit can be financed by

A.

Reducing the level of taxation

B.

Printing more money

C.

Lending to financial institution

D.

Employing more workers

Correct answer is B

No explanation has been provided for this answer.