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Economics 2001 WAEC Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
41
An ad volarem tax refers to a tax
  • A. imposed on exports
  • B. on goods manufactured in the country
  • C. based on the value of the commodity
  • D. levied on income
View Answer & Discuss WAEC 2001
42
Which of the following is associated with the development of petroleum industry in Nigeria?
  • A. Neglect of agriculture
  • B. increase in population growth
  • C. increase in the rate of unemployment
  • D. decrease in the rate of inflation
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43
Balance of payment deficit can be corrected by
  • A. purchasing foreign assets
  • B. acumulating foreign reserves
  • C. export promotion measures
  • D. import promotion measures
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
44
The exchange of goods and services across countries can be described as
  • A. Bi-lateral trade
  • B. multilateral trade
  • C. national trade
  • D. home trade
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45
Which of the following is a major barrier to international trade?
  • A. religious differences amongst nations
  • B. uneve distribution of population across the world
  • C. educational imbalace between the developed and developing countries
  • D. ideological differences amongst nations
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts