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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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2316

Trades among nations is desirable because

  • A. enables people in a country to know those in other countries
  • B. makes it possible for people in a country to enjoy the goods and services produced in other countries
  • C. enables residents in country a to understand the language of residents of other countriesd
  • D. makes it possible for a country to have the currencies of other countries
View Answer & Discuss WAEC 2008
2317

Invisible trade refers to trade in?

  • A. services
  • B. goods and services
  • C. tangible goods
  • D. crude oil
View Answer & Discuss WAEC 2008
2318

Balance of payment surplus implies that the value of the country’s

  • A. exports exceeds its imports
  • B. imports exceed its exports
  • C. exports is equal to its imports
  • D. terms of trade is constant
View Answer & Discuss WAEC 2008
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2319

The Economic Commission for Africa is an agency of the

  • A. Organization of African Unity
  • B. African Development Banks
  • C. European Union
  • D. United Nation Organization
View Answer & Discuss WAEC 2008
2320
» the study of economics becomes necessary because of the
  • A. large population size of the world
  • B. scarcity of resources
  • C. opportunity cost of goods and services
  • D. needs to satisfy every desire of man
View Answer & Discuss (1) WAEC 2009
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