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Economics 2014 WAEC Past Questions

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31

Economic development may be hindered if there is

  • A. a high pool of skilled labour
  • B. a high rate of economic growth
  • C. political stability
  • D. rapid population growth
View Answer & Discuss (2) WAEC 2014
32

Which of the following types of unemployment results from changes in the pattern of aggregate demand ?

  • A. Technological unemploment
  • B. Stuctural unemployment
  • C. Frictional unemployment
  • D. Seasonal unemployment
View Answer & Discuss (5) WAEC 2014
33

Which of the following is not a reason countries import goods?

  • A. Differences in natural endowments
  • B. the law of absolute advantage
  • C. Differences in tastes
  • D. The love for other nations
View Answer & Discuss WAEC 2014
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34

Provision of short-term loans to solve balance of payments problems is done by the

  • A. International Finance Corporation
  • B. International Monetary Fund
  • C. Iternational Bank for Reconstruction and Development
  • D. African Development Bank
View Answer & Discuss WAEC 2014
35
West African countries are experiencing worsening terms of trade because
  • A. they are primary producers
  • B. their currencies are overvalued
  • C. they import less machines
  • D. they are tertiary producers
View Answer & Discuss (4) WAEC 2014
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