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Economics 2000 WAEC Past Questions

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46
Small enterprises finds it difficult to expand due to
  • A. inadequate capital
  • B. lack of skilled manpower
  • C. the high level of technology required for expansion
  • D. their inability to provide after-sale services
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47
The Organization of Petroleum Exporting Countries (OPEC) is a
  • A. cartel
  • B. duopoly
  • C. monopoly
  • D. monopsony
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48
One major export crop in West Africa is
  • A. rice
  • B. maize
  • C. palm kernel
  • D. cocoa
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49
Balance of payment deficit implies that a country is
  • A. importing more than she is exporting
  • B. consumed less than she is producing
  • C. living below her means
  • D. more productive than others
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50
West African countries have low level of economic development due to
  • A. under-population
  • B. inadequate labour
  • C. failure to plan
  • D. ineffective plan implementation
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts