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Economics Past Questions and Answers

Waec Economics Questions

Question 1646:
which of the following forms of economic integration is a member nation free to impose duty against
  • A Custom union
  • B Free trade area
  • C Common market
  • D Economic community
View Answer & Explanation
Question 1647:
The International bank for reconstruction and development (IBRD) performs the following functions except?
  • A Granting long-term loans
  • B Assisting with technical expertise
  • C Reducing tariff among members
  • D Developing human resource
View Answer & Explanation
Question 1648:
An electrical engineer who is teaching physics in a secondary school is said to be
  • A Under-employed
  • B Unemployed
  • C Fully employed
  • D Technically unemployed
View Answer & Explanation
Question 1649:
one benefit a country can derive from the extraction of crude oil is increase in?
  • A Population
  • B Employment
  • C Money
  • D Demand for imports
View Answer & Explanation
Question 1650:
which of the following cannot be classified as a natural resource
  • A Iron rod
  • B Wild life
  • C Solar energy
  • D Gold
View Answer & Explanation