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Economics WAEC Past Questions

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796
one of the functions of of the international Monetary Fund (IMF) is to
  • A. devalue the currency of member state
  • B. reduce drastically the size of deficit financing of member states
  • C. giving financial assistance to member states that have temporary balance of payment difficulties
  • D. discourage the rapid industrialization process in the less developed nation of the world
View Answer & Discuss (1) WAEC 2006
797
The full meaning of OPEC is
  • A. Oil ans Petroleum Exporting Countries
  • B. Original Petroleum Exporting Companies
  • C. Organization of Petrol Exporting Countries
  • D. Organization of Petroleum Exporting Countries
View Answer & Discuss WAEC 2006
798
The three principal economic unit in any system are
  • A. trade, industry and banking
  • B. workers, consumers and shareholders
  • C. households, firms and governments
  • D. comapnies, industry and plants
View Answer & Discuss WAEC 2007
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799
The satisfaction derived from the use of a commodity is its
  • A. demand
  • B. elasticity
  • C. wealth
  • D. utility
View Answer & Discuss WAEC 2007
800
The reward which accrues to labour for participating in production is
  • A. interest
  • B. wage
  • C. bonus
  • D. profit
View Answer & Discuss WAEC 2007
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