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Economics Past Questions and Answers

Waec Economics Questions

Question 941:

which of the following is an invisible term?

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A Banking services
B Petroleum products
C Processed rice
D Processed milk

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Question 942:

In an attempt to correct a deficit balance of payment, a country may decide to increase

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A Domestic production
B Imports
C Domestic expenditure
D Tax on infant industry

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Question 943:

which of the following is an objective of economic integration?

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A Harmonization of cultural practises
B Free movement of persons, goods and services
C Payment of high tarrifs
D Dumpoing of goods in less developed countries

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Question 944:

one of the functions of of the international Monetary Fund (IMF) is to

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A Devalue the currency of member state
B Reduce drastically the size of deficit financing of member states
C Giving financial assistance to member states that have temporary balance of payment difficulties
D Discourage the rapid industrialization process in the less developed nation of the world

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Question 945:

The full meaning of OPEC is

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A Oil ans Petroleum Exporting Countries
B Original Petroleum Exporting Companies
C Organization of Petrol Exporting Countries
D Organization of Petroleum Exporting Countries

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