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Economics Past Questions and Answers

Waec Economics Questions

Question 1466:

In developing countries, a larger percentage of the labour force is employed in the

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A Trade sector
B Tertiary sector
C Primary sector
D Secondary sector

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Question 1467:

An industry is best described as

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A Firm that sells a set of closely related commodities
B Industrial concern that is into production and selling of goods
C A factory that produces different lines of product
D A group of firms that sells a closely related set of products

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Question 1468:

The main item traded on a stock exchange market is

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A Treasury bills
B Travellers cheque
C Foreign currencies
D New shares

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Question 1469:

The proportion of commercial banks' total assets kept in the form of highly liquid assets is known as

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A Demand deposit
B Fixed deposit
C Cash ratio
D Moral suasion

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Question 1470:

which of the following is not an objective of economic planning

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A Need to direct economic development of the country towards the desired direction
B Desire to ensure a sustained cultural development of the country
C Desire to widen the gap between developing countries and the developed world
D Management of scarce resources in the face of unlimited wants of the citizens

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