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Economics Past Questions

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4496

Development planning focuses mainly on

  • A. allocation of resources by the entrepreneurs
  • B. mapping out strategies by the government
  • C. developing some areas of the country by the government
  • D. deciding on which types of homes to build
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4497

Political instability hinders economic growth because it

  • A. scares many people from politics
  • B. prevent politicians from playing effective politics
  • C. discourage entrepreneurs generally
  • D. encourages urban-rural migration
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4498

Foreign investment and long term securities in the balance of payment accounts are recorded as

  • A. current account transaction
  • B. capital account transaction
  • C. balance of trade account transaction
  • D. invisible balance account transaction
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4499

An argument for the use of commercial policy rest on the need to

  • A. make imported goods affordable
  • B. reduce domestic unemployment
  • C. encourage the importation of non-essential goods
  • D. make a country enjoy absolute advantage in production of all goods
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4500

Which of the following measures can lead to an increase in exports?

  • A. Increase in export duties
  • B. Increase in excise duties
  • C. Depreciation of currency
  • D. Total ban on imports
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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
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