by Sunday | Aug 7 | Economics WAEC
A. employs about 60% of the people B. provides the highest tax revenue C. is a major foreign exchange earner in most of the countries D. provides the raw materials for all import-substitution industries E. provide raw materials only for foreign industries Correct...
by Sunday | Aug 7 | Economics WAEC
A. direct taxation B. indirect taxation C. excise duties D. company taxes E. non-tax revenue Correct Answer: Option B – indirect taxation
by Sunday | Aug 7 | Economics WAEC
A. percentage rate remains constant as the tax base increases B. percentage base increases as the tax base increases C. percentage rate decreases as the tax rate increases D. percentage rate fluctuates as the tax base increases E. burden falls heavily on consumer...
by Sunday | Aug 7 | Economics WAEC
A. Banker to the Government B. Banker’s bank C. Acceptance of deposit from the public D. Responsibility for monetary policy E. Lenders of last resort Correct Answer: Option C – Acceptance of deposit from the...
by Sunday | Aug 7 | Economics WAEC
A. Lenders earn less B. Pensioners and salary earners on fixed income suffer C. Exports tend to decline D. Savings are discouraged E. Borrowers tend to gain Correct Answer: Option E – Borrowers tend to gain
by Sunday | Aug 7 | Economics WAEC
A. many sellers and buyers are in the market B. there is perfect knowledge of the market situation C. supply and demand are equal D. there is no discrimination E. Products are identical Correct Answer: Option C – supply and demand are...