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Tuesday, 05 May 2026
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Economics Past Questions and Answers

Waec Economics Questions

Question 1756:
In most underdeveloped countries, development plans do not achieve their objective due to _____________
  • A Poor coordination between local and national governments
  • B Exportation of more primary products
  • C Lack of educational institutions in those countries
  • D Urban-rural migration of citizens
View Answer & Explanation
Question 1757:
In a period of unemployment and falling prices, the government should adopt a _____________
  • A Zero-based budget
  • B Budget deficit
  • C Balanced budget
  • D Surplus budget
View Answer & Explanation
Question 1758:
Balance of trade involves the exchange of _____________
  • A Goods only
  • B Services only
  • C Goods and services
  • D Goods and capital
View Answer & Explanation
Question 1759:
Devaluation of currency may not correct a balance of payments deficit if the demand for export is _____________
  • A Perfectly inelastic
  • B Perfectly elastic
  • C Fairly elastic
  • D Unitary elastic
View Answer & Explanation
Question 1760:
An improvement in a country's terms of trade means that the _____________
  • A Nation can export more services
  • B Nation's receipts on export are equal to payments on imports
  • C Value of her imports is lower than her exports
  • D Visible exports is less than visible imports
View Answer & Explanation