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Economics Past Questions and Answers

Waec Economics Questions

Question 1591:

which of the following terms of trade is recorded in a country's current account section of the balance of payments

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A Investment income
B Foreign direct investment
C Longterm capital flows
D Long-term loans

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Question 1592:

one problem facing the economic integration of countries in west Africa is the

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A Presence of large and developed market
B Uneven development among west African countries
C Existence of different central banks in the countries
D Fairly of labour to move freely in the country

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Question 1593:

one objective of organisation of patroleum exporting countries (OPEC) is to?

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A Harmonize and stabilize oil prizes
B Ensure excess supply of oil to consuming countries
C Subsidize oil prices in member countries
D Assist member countries to exploit oil resources

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Question 1594:

which of the following resources is renewable

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A Coal
B Iron ore
C Rice
D Limestone

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Question 1595:

the negative effects of mining in wast A frica does not include?

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A Reafforestation in rural communities
B Land degradation
C Destruction of farm lands
D Pollution of water bodies

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