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Economics Past Questions

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3506

The two major types of international trade are Bilateral trade and?

  • A. Internal trade
  • B. Multilateral trade
  • C. Dilateral trade
  • D. Trilateral trade
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3507

A country's budget allocation to various sectors of the economy is shown in the pie chart .

 

 If the budget of the country was $7,200.00, how much is allocated to education?

  • A. $2,400.00
  • B. $2,000.00
  • C. $1,200.00
  • D. $1,000.00
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3508

In a capitalist economy, factors of production are owned and controlled by the _____?

 

  • A. Citizen
  • B. Business Men
  • C. Government
  • D. Foreigners
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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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3509

Efficiency of labour in a country is determined by the following except the____________

  • A. Social attitude to work
  • B. Education and training
  • C. Total population
  • D. Working conditions of workers
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3510

The study of Economics becomes necessary because of the______________

  • A. Large population size of the world
  • B. Scarcity of resources
  • C. Opportunity cost of goods and services
  • D. Need to satisfy every desire of man
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC offline past questions - with all answers and explanations in one app - Download for free
Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208