Search SchoolNGR

Economics Past Questions and Answers

Waec Economics Questions

Question 641:

Which of the following is associated with the development of petroleum industry in Nigeria?

SchoolNGR Classroom

A Neglect of agriculture
B Increase in population growth
C Increase in the rate of unemployment
D Decrease in the rate of inflation

View Answer & Explanation

Question 642:

Balance of payment deficit can be corrected by

SchoolNGR Classroom

A Purchasing foreign assets
B Acumulating foreign reserves
C Export promotion measures
D Import promotion measures

View Answer & Explanation

Question 643:

The exchange of goods and services across countries can be described as

SchoolNGR Classroom

A Bi-lateral trade
B Multilateral trade
C National trade
D Home trade

View Answer & Explanation

Question 644:

Which of the following is a major barrier to international trade?

SchoolNGR Classroom

A Religious differences amongst nations
B Uneve distribution of population across the world
C Educational imbalace between the developed and developing countries
D Ideological differences amongst nations

View Answer & Explanation

Question 645:

A country is economically rich if

SchoolNGR Classroom

A If there is a lot of money in circulation relative to its population
B It has a large volume of goods and services relative to its population
C It has a large reserve of idle skilled manpower
D There is a large amount of reserved mineral resources

View Answer & Explanation

Stay Updated

Follow us on:

Subjects