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Economics 2019 WAEC Past Questions

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61

 Which of the following institutions is Concerned with expanding developing countries' commodity trade
 

  • A. World Trade Organization (WTO)
  • B. United Nations Conference on Trade and Development (UNCTAD)
  • C. Economic Commission for Africa (ECA)
  • D. African Development Bank (AfDB)
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62

The major achievement of the Economic Community of West African States (ECOWAS) is that it has

  • A. made capital more mobile
  • B. made possible the use of common currency
  • C. increased members' allegiance to former colonial masters
  • D. wIdened the market for goods produced
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63

One measure for financing a country's balance of payments deficit is through

  • A. export diversification
  • B. import substitution
  • C. short-term borrowing from IMF
  • D. internal borrowing from commercial banks
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64

Exploitation of forest resources becomes a major problem when

  • A. communities fight over ownership
  • B. they are not renewed
  • C. they are neglected
  • D. the supply is fixed in the long-run
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65

Natural resources that are renewable are found in the

  • A. mining sector
  • B. traditional sector
  • C. agricultural sector
  • D. secondary sector
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