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Economics Past Questions and Answers

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Waec Economics Questions

Question 131:

Disguised unemployment

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A Is a statistical artifacts with no economic meaning
B Can be eliminated if the capital output ratio is increased
C Can be eliminated if the press is free
D Calls for the implementation of five=year plans
E Exist when manpower is not being utilized efficiently

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Question 132:

The Nigerian economy can be best describe as a

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A Socialist economy
B Capitalist economy
C Mixed economy
D Controlled economy
E Domestic economy

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Question 133:

The amount of money to be created by commercial banks is actually influenced by the

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A Legal reserved ratio
B External reserve
C External borrowing
D Availability of money and capital market
E Bank deposits

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Question 134:

Another name for the International Banks for Reconstruction and Development (IBRD) is

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A International Monetary Funds
B International Development Bank
C World Bank
D International Bnak of Africa
E International Bank for West Africa

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Question 135:

the headquarter of the Organization of Petroleum Exporting Countries (OPEC) is in

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A Geneva, Switzerland
B Vienna, Austria
C Paris, France
D London , Britain
E New York, USA

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