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Thursday, 30 April 2026
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Economics Past Questions and Answers

Waec Economics Questions

Question 1471:
In order to control inflation, the government should
  • A Reduce the cost of borrowing
  • B Buy securities in the open market
  • C Adopt restrictive monetary policy
  • D Discourage savings
View Answer & Explanation
Question 1472:
when the demand for foreign exchange exceeds its supply, the value of the domestic currency
  • A Appreciates
  • B Depreciates
  • C Remains inchanged
  • D Expands
View Answer & Explanation
Question 1473:
The export of west A frican countries are mostly composed of
  • A Service
  • B Raw materials
  • C Manufactured goods
  • D Consumer goods
View Answer & Explanation
Question 1474:
A concious effort of government to achieve a specific set of goals is?
  • A Economic planning
  • B Economic development
  • C Economic growth
  • D Economic target
View Answer & Explanation
Question 1475:
A country has favourable terms of trade when the prices of her
  • A Exports rises relative to the price of her imports
  • B Exports falls relative to the price of her imports
  • C Imports rise faster than the prices of imports
  • D Imports and exports move in the same direction
View Answer & Explanation