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Economics 2002 WAEC Past Questions

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41
Terms of trade is used to describe
  • A. the quality of exports
  • B. the direction of foreign trades
  • C. purchases on deferred payment basis
  • D. the rate at which exports exchange for imports
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42
A nation's net export is negative when her
  • A. stock of goods is declining
  • B. depreciation exceeds investment
  • C. exports is adjusted upwards
  • D. imports exceeds exports
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43
Deficit in the balance of payment is financed through
  • A. capital account
  • B. current account
  • C. invisible trade
  • D. visible trade
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44
Devaluation of a currency in a country is likely to lead to
  • A. increasing population
  • B. increasing imports
  • C. exports becoming cheaper
  • D. reduced exports
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45
which of the following is not a benefit derived by Nigeria from the petroleum industry?
  • A. increased foreign exchange earning
  • B. establishment of refineries and petrochemical industries
  • C. employment of a greater proportion of the population
  • D. development of airports, seaports and other social infracstructures
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts