Search SchoolNGR

Economics Past Questions and Answers

Waec Economics Questions

Question 1586:

which of the following is not a feature of economic underdevelopment

SchoolNGR Classroom

A Monocultural economy
B High productivity
C Low life expectancy
D Income inequality

View Answer & Explanation

Question 1587:

one way of speeding up the economic development of a country is by encouraging

SchoolNGR Classroom

A The consumption of consumer goods
B Early marriage
C The importation of more consumer goods
D Savings and investment

View Answer & Explanation

Question 1588:

Dumping in international occurs when a foreign firm sells

SchoolNGR Classroom

A Above its cost of production at home and abroad
B Below its cost of production at home and abroad
C More goods to a country than the country has need of
D Below its cost of production in a foreign market

View Answer & Explanation

Question 1589:

Infant industries can be described as?

SchoolNGR Classroom

A Newly established industries
B Industries enjoying tax holidays
C Industries producing baby products
D Newly commercialized industries

View Answer & Explanation

Question 1590:

Modern international trade is based on the principle of?

SchoolNGR Classroom

A Absolute cost advantage
B Comparative advantage
C Terms of trade
D Balance of trade

View Answer & Explanation

Stay Updated

Follow us on:

Subjects