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Economics Past Questions

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3401

Which of the following is not a major problem of development

  • A. shortage of skilled manpower
  • B. inadequate data for planning
  • C. political instability
  • D. poor identification of projects
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3402

The principle of comparative cost advantage was propounded by

  • A. David Ricardo
  • B. Alfred Marshal
  • C. J. S Mill
  • D. Adam Smith
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3403

The rate at which a country's export is exchanged for her imports is

  • A. trade balance
  • B. balance of payment
  • C. term of trade
  • D. balance on current account
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3404

Balance of payment surplus implies that receipts for exports are

  • A. at par with payments for imports
  • B. greater than payment for imports
  • C. less than payment for imports
  • D. proportional to payments for imports
View Answer & Discuss (1) WAEC 2016
3405
When the international value of a country's currency rises, other things being equal, the country's
  • A. net exports tend to increase
  • B. imports tend to increase
  • C. net exports tend to decrease
  • D. export tend to be stable
View Answer & Discuss WAEC 2016
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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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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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