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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
791
An increase in the quantity of goods and services produced in a country which raises her national income is known as
  • A. economic development
  • B. economic growth
  • C. domestic investment
  • D. productivity
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792
The formula index of export prices/index of import prices * 100
is used to measure the
  • A. volume of trade between countries
  • B. direction of internatrional trade
  • C. commodity terms of trade
  • D. volume of imports
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793
which of the following is an invisible term?
  • A. Banking services
  • B. Petroleum products
  • C. Processed rice
  • D. processed milk
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
794
In an attempt to correct a deficit balance of payment, a country may decide to increase
  • A. domestic production
  • B. imports
  • C. domestic expenditure
  • D. tax on infant industry
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795
which of the following is an objective of economic integration?
  • A. harmonization of cultural practises
  • B. free movement of persons, goods and services
  • C. payment of high tarrifs
  • D. dumpoing of goods in less developed countries
View Answer & Discuss WAEC 2006
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