Economics WAEC Past Questions

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406

The stability of Nigerian economy depends mainly on the export price of

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407

Which of the following countries is a major trading partner of Nigeria?

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408

The instrument used in many countries to restrict imports includes

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409

The economic system in which the decision s about what to produce , how to produce and for whom to produce are made by private firms is called

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410

A major setback in any mixed economy is

A. that is combined both the capitalist and socialist systems
B. the freedom of choice in the production and consumption of goods and services
C. that government intervenes to secure full utilization of resources
D. that economy decisions are determined by market forces
E. that the absence of profit motive in the public sector may reduce incentives for hard work

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