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Economics Past Questions and Answers

Waec Economics Questions

Question 1531:
Which of the following is not a major problem of development
  • A Shortage of skilled manpower
  • B Inadequate data for planning
  • C Political instability
  • D Poor identification of projects
View Answer & Explanation
Question 1532:
The principle of comparative cost advantage was propounded by
  • A David Ricardo
  • B Alfred Marshal
  • C J. S Mill
  • D Adam Smith
View Answer & Explanation
Question 1533:
The rate at which a country's export is exchanged for her imports is
  • A Trade balance
  • B Balance of payment
  • C Term of trade
  • D Balance on current account
View Answer & Explanation
Question 1534:
Balance of payment surplus implies that receipts for exports are
  • A At par with payments for imports
  • B Greater than payment for imports
  • C Less than payment for imports
  • D Proportional to payments for imports
View Answer & Explanation
Question 1535:
When the international value of a country's currency rises, other things being equal, the country's
  • A Net exports tend to increase
  • B Imports tend to increase
  • C Net exports tend to decrease
  • D Export tend to be stable
View Answer & Explanation