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Economics Past Questions and Answers

Waec Economics Questions

Question 816:
A policy by which government restrict the amount of foreign currencies bought and sold is known as
  • A Devaluation
  • B Credit creation
  • C Exchanging control
  • D Export promotion
View Answer & Explanation
Question 817:
which of the following item is under the capital account of a balance of payment?
  • A Repayment of foreign loans
  • B Visible imports
  • C Invisble exports
  • D Cocoa exports
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Question 818:
A surplus in the balance of payment should be used to
  • A Subsidized multinational companies
  • B Build infracstructures for friendly nations
  • C Make donations to developed countries
  • D Buy investment overseas
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Question 819:
Development planning which take an overall view of the economy is described as
  • A Aggregate economic planning
  • B Disaggregate economic planning
  • C Sectorial economic planning
  • D System economic planning
View Answer & Explanation
Question 820:
The national income of a country can be estimated by the
  • A Cost-benefit method
  • B Distribution method
  • C Expenditure method
  • D Consumption method
View Answer & Explanation