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Economics 2012 WAEC Past Questions

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41

The following are reasons for failure of agricultural policies in West Africa except

  • A. vague policy statements
  • B. negation of polices
  • C. creation of agro-service stations
  • D. provision of obsolete implements
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42

A situation in which the estimated government revenue is less than the proposed expenditure for a given year can be described as

  • A. surplus budgeting
  • B. supplementary budgeting
  • C. balanced budgeting
  • D. deficit budgeting
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43

An excise tax is imposed on goods

  • A. smuggled into the country
  • B. manufactured locally
  • C. imported into the coutry
  • D. seized by custom officials
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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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44

Which of the following will not retard economic development in West Africa?

  • A. dependence on imports
  • B. population control
  • C. high level of illiteracy
  • D. low level of savings
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45

When there is improvement in a country's terms of trade, it means that the country's

  • A. exports are cheaper relative to imports
  • B. imports are cheaper relative to exports
  • C. volume of imports has declined
  • D. volume of exports has declined
View Answer & Discuss (1) WAEC 2012
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