By clicking on the "Sign up" button, you agree to our Terms and Privacy Policy
Already a member? Login
A 6-digit reset code will be sent to your phone number
Cancel? Return to login
A 6-digit reset code will be sent to your email
Forgot Password?
Sign up as a new member
Library
LOGIN
BLOG
Paper 1 | Objectives | 31 Questions
WASSCE/WAEC MAY/JUNE
Year: 1991
Level: SHS
Time:
Type: Question Paper
Answers provided
No description provided
This paper is yet to be rated
Yet to recieve reviews
Add a review
Adequate preparation and effective revision strategies tips to get a high score 320 in JAMB in 2022
Apply tips for stress-free eating before and during exams and what to avoid for good grades.
Past questions are effective for revisions for all tests including WAEC, BECE, SAT, TOEFL, GCSE, IELTS
Five revision strategies that are strange but effective for memorization for high exams performance
Make sure you study hard but not into the late-night hours to give your body the enough rest you need.
Paper 1 | Objectives
Economics
Exam
1988
FREE
1989
1990
1992
1993
1994
1995
1996
1997
1998
English Language
Geography
2019
Government
Biology
2001
2018
1991
History
2010
2016
Chemistry
2008
Past Questions
Quiz
Classroom
Daily Grove
The price system refers to the system by which
A. the government controls price in the economic system
B. prices tends to rise to a general level
C. price allocates resources between consumer and producer goods
D. government allocate resources to consumers and producers
E. the producers fix the price for their products
Choice is necessary because resources
A. are available
B. can be found everywhere
C. are constant
D. are scarce
E. are unlimited
Agriculture plays a dominant role in West African economies because
A. the Green Revolution in Nigeria is agricultural
B. it supplies all the food stuffs consumed in Ghana alone
C. there are large plantation of cocoa, groundnut and oil palm in West Africa
D. it is the main source of revenue in Sirera Leon alone
E. it emplys more than 50% of the total labour force in West Africa
The monetary system that requires a double coincidence of wants is known as the
A. gold standard
B. barter system
C. commodity system
D. gold exchange standard
E. cheque system
If over a period of time there is more money in the economy than the available goods and services , the economy is likely to experience
A. devaluation
B. inflation
C. deflation
D. demonetization
E. over-valuation
The value of money is determined by the
A. rate of interest
B. general price level
C. quantity of money in circulation
D. level of economic development
E. weight of the currency notes and coins
Open market operation are the process by which
A. the Central Banks purchases and sells securities
B. Commercial Banks purchases and sells securities
C. business firms buys raw materials freely
D. huseholds buys consumer goods openly
E. the money market takes over the function of the Central Banks
Preview displays only 7 out of the 31 Questions