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Economics WAEC Past Questions

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941
One major aim of a cartel is to
  • A. increase production
  • B. regulate output through quota system
  • C. have a joint account
  • D. share profits equally
View Answer & Discuss WAEC 2009
942
The five countries that established the Organization of Petroleum Exporting Countries (OPEC) are
  • A. Nigeria, Iraq, Venezuela, Kuwait and Ghana
  • B. Saudi Arabia, Kuwait, Sierra Leon, Iran and Iraq
  • C. Algeria, Kuwait, Venezuela, Iran and The Gambia
  • D. Kuwait, Venezuela, Iran Iraq and Saudi Arabia
View Answer & Discuss WAEC 2009
943
The headquarters of the African Development Bank (ADB) was originally located at
  • A. Cotonou
  • B. Harare
  • C. Abidjan
  • D. Lagos
View Answer & Discuss WAEC 2009
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944

The following are examples of economic goods except

  • A. bottled water
  • B. air
  • C. household utensils
  • D. shelter
View Answer & Discuss WAEC 2010
945

A tent-making factory offers

  • A. personal services
  • B. indirect services
  • C. social services
  • D. reflex services
View Answer & Discuss WAEC 2010
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