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Economics 1989 WAEC Past Questions

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41
which of the following hard currencies is usually used in the pricing of oil at the world market particularly by the Organization of Petroleum Exporting Countries (OPEC)? The
  • A. US dollar
  • B. Japanese Yen
  • C. Pound Sterling
  • D. Deutschemark
  • E. Naira
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42

What is devaluation? Under what conditions will devaluation improve a country's balance of payment position ?

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43

The wholesaler performs useful economic functions. Discuss. 

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44

Briefly outline the measures which Nigeria has taken to improve the marketing of her agricultural produce. 

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45

 (a) What is a development plan ?
(b) Discuss the various ways of financing economic development in Nigeria. 

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