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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
891

Invisible trade refers to trade in?

  • A. services
  • B. goods and services
  • C. tangible goods
  • D. crude oil
View Answer & Discuss WAEC 2008
892

Balance of payment surplus implies that the value of the country’s

  • A. exports exceeds its imports
  • B. imports exceed its exports
  • C. exports is equal to its imports
  • D. terms of trade is constant
View Answer & Discuss WAEC 2008
893

The Economic Commission for Africa is an agency of the

  • A. Organization of African Unity
  • B. African Development Banks
  • C. European Union
  • D. United Nation Organization
View Answer & Discuss WAEC 2008
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
894
» the study of economics becomes necessary because of the
  • A. large population size of the world
  • B. scarcity of resources
  • C. opportunity cost of goods and services
  • D. needs to satisfy every desire of man
View Answer & Discuss (1) WAEC 2009
895
The concept of opportunity cost is also referred to as
  • A. social cost
  • B. real cost
  • C. fixed cost
  • D. variable cost
View Answer & Discuss WAEC 2009
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