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Monday, 04 May 2026
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Economics Past Questions and Answers

Waec Economics Questions

Question 1641:
the poorer the country, the larger the percentage of labour force engaged in?
  • A Agricultural
  • B Mining
  • C Trading
  • D Manufacturing
View Answer & Explanation
Question 1642:
which of the following measure can be adopted to stabilize the external value of the local currency?
  • A Reduce the volume of export
  • B Increase the demand for imports
  • C Increase domestic money supply
  • D Reduce the demand for imports
View Answer & Explanation
Question 1643:
which of the following is not a measure for reducing balance of payments deficits?
  • A Export drive
  • B Reducing tarriffs
  • C Adding to export goods
  • D Increasing local production
View Answer & Explanation
Question 1644:
Nations engage in international trade because of difference in?
  • A Absolute cost
  • B Comparative cost
  • C Fixed cost
  • D Variable cost
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Question 1645:
one advantage of international trade is that
  • A Prices of goods become stable
  • B Countries become self-sufficient
  • C Goods consumed are produced at a very high cost
  • D It makes possible the consumption of variety of goods
View Answer & Explanation