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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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1266

which of the following measure can be adopted to stabilize the external value of the local currency?

  • A. reduce the volume of export
  • B. increase the demand for imports
  • C. increase domestic money supply
  • D. reduce the demand for imports
View Answer & Discuss WAEC 2018
1267

which of the following is not a measure for reducing balance of payments deficits?

  • A. export drive
  • B. reducing tarriffs
  • C. adding to export goods
  • D. increasing local production
View Answer & Discuss (1) WAEC 2018
1268

Nations engage in international trade because of difference in?

  • A. absolute cost
  • B. comparative cost
  • C. fixed cost
  • D. variable cost
View Answer & Discuss WAEC 2018
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1269

one advantage of international trade is that

  • A. prices of goods become stable
  • B. countries become self-sufficient
  • C. goods consumed are produced at a very high cost
  • D. it makes possible the consumption of variety of goods
View Answer & Discuss WAEC 2018
1270

which of the following forms of economic integration is a member nation free to impose duty against

  • A. custom union
  • B. free trade area
  • C. common market
  • D. economic community
View Answer & Discuss WAEC 2018
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