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Economics 2009 WAEC Past Questions

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46
The terms of trade is described as unfavourable when
  • A. the price of imports rises relative to those of exports
  • B. the price of exports rises relative to those of imports
  • C. the net income from aabroad does not change
  • D. the value of exports exceeds those of imports
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47
Expenditure by foreign tourist in a country will be recorded as
  • A. visible exports
  • B. official transfers
  • C. transfer income
  • D. divisible exports
View Answer & Discuss (2) WAEC 2009
48
One major aim of a cartel is to
  • A. increase production
  • B. regulate output through quota system
  • C. have a joint account
  • D. share profits equally
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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49
The five countries that established the Organization of Petroleum Exporting Countries (OPEC) are
  • A. Nigeria, Iraq, Venezuela, Kuwait and Ghana
  • B. Saudi Arabia, Kuwait, Sierra Leon, Iran and Iraq
  • C. Algeria, Kuwait, Venezuela, Iran and The Gambia
  • D. Kuwait, Venezuela, Iran Iraq and Saudi Arabia
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50
The headquarters of the African Development Bank (ADB) was originally located at
  • A. Cotonou
  • B. Harare
  • C. Abidjan
  • D. Lagos
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC offline past questions - with all answers and explanations in one app - Download for free
Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709