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Economics 2003 WAEC Past Questions

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36
Invisible trade refers to trade in
  • A. services
  • B. goods and services
  • C. tangible goods
  • D. crude oil
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37
When the demand for foreign exchange exceeds its supply, the value of the domestic currency
  • A. appreciates
  • B. depreciates
  • C. inflates
  • D. expands
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38
Which of the following is part of the capital account of the balance of payments?
  • A. Net investment from abroad
  • B. import of machinery
  • C. insurance
  • D. transportation cost
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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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39
The most common index for measuring developments is
  • A. the level of illiteracy
  • B. the per capita income
  • C. nutritional level
  • D. population growth rate
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40
Government of West African countries levy taxes to
  • A. prevent prices from falling
  • B. make people richer
  • C. limit the number of banks
  • D. finance government projects
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