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Economics WAEC Past Questions

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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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686
To ensure high employment rate, developing countries should
  • A. build more universities
  • B. protect infant industries
  • C. organize trade fairs
  • D. prevent rural-urban drift
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687
The act of selling goods in foreign markets at prices below those charged at home market is called
  • A. exchange
  • B. specialization
  • C. dumping
  • D. exporting
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688
Taxes levied on commodities are
  • A. direct taxes
  • B. indirect tax
  • C. poll tax
  • D. investment taxes
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689
One disadvantages of direct tax is that
  • A. government's revenue is reduced
  • B. price of essential commodities fall
  • C. people are discouraged from additional work
  • D. firms make more profit
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690
International trade is an application of the principle of
  • A. industrial production
  • B. mass production
  • C. regional co-operation
  • D. comparative cost advantage
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