WAEC Economics Past Questions & Answers - Page 189

941.

Joint ventures are partnerships involving 

A.

The poor and the rich

B.

Employers and workers

C.

Government and private investors

D.

Multinationals and individuals

Correct answer is C

No explanation has been provided for this answer.

942.

Invisible trade refers to trade in

A.

Services

B.

Goods and services

C.

Tangible goods

D.

Crude oil

Correct answer is A

No explanation has been provided for this answer.

943.

Precautionary motive relates to

A.

Demand for money

B.

Demand for goods

C.

Supply of money

D.

Supply of goods

Correct answer is A

No explanation has been provided for this answer.

944.

The most important function of merchant banks is the

A.

Issuing of currency

B.

Provision of short term loans

C.

Provision of medium and long term loans

D.

Provision of short and long term loans

Correct answer is C

No explanation has been provided for this answer.

945.

Cost-push inflation is likely to raise when

A.

There is an increase in government spending

B.

There is an increase in direct taxes

C.

Demand for higher wages is granted

D.

There is a decrease in banks lending

Correct answer is C

No explanation has been provided for this answer.