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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
326
Economic growth specifically refers to the
  • A. reliance on imported goods in preference to home-made goods
  • B. sustained increase in the output of goods and services per head
  • C. change in technical and institutional arangment of the economy
  • D. continued increase in the depletion of a country's natural resources
  • E. increase in the total number of people in the economy
View Answer & Discuss WAEC 1996
327
The hourly wages of five employees of the Nigerian Port Authority are N2.52, N3.96, N9.20, and N3.75 respectively. The median hourly wage is
  • A. N2.52
  • B. N3.28
  • C. N3.75
  • D. N3.96
  • E. N9.20
View Answer & Discuss (4) WAEC 1996
328
The petroleum industry in Nigeria is an example of a
  • A. capital-intensive industry
  • B. service industry
  • C. labour-intensive industry
  • D. tertiary production industry
  • E. localized industry
View Answer & Discuss WAEC 1996
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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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329
The international cartel formed to stabilize the world oil market is the
  • A. Economic Commissioner for Africa
  • B. International Monetary Fund
  • C. Organization of Petroleum Exporting Countries
  • D. Organization of Petroleum Importing Countries
  • E. International Trade Organization
View Answer & Discuss WAEC 1996
330
The United Nation Conference on Trade and Development (UNCTAD) is a forum designed specifically for discussing the
  • A. political conflicts in the United Nation Security Council
  • B. educational needs of the developed countires
  • C. religious affairs in the Southern Africa
  • D. revenue allocation in Nigeria
  • E. better terms of trade in the world
View Answer & Discuss WAEC 1996
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