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Tuesday, 05 May 2026
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Economics Past Questions and Answers

Waec Economics Questions

Question 1761:
Which of the following institutions is Concerned with expanding developing countries' commodity trade
  • A World Trade Organization (WTO)
  • B United Nations Conference on Trade and Development (UNCTAD)
  • C Economic Commission for Africa (ECA)
  • D African Development Bank (AfDB)
View Answer & Explanation
Question 1762:
The major achievement of the Economic Community of West African States (ECOWAS) is that it has
  • A Made capital more mobile
  • B Made possible the use of common currency
  • C Increased members' allegiance to former colonial masters
  • D WIdened the market for goods produced
View Answer & Explanation
Question 1763:
One measure for financing a country's balance of payments deficit is through _____________
  • A Export diversification
  • B Import substitution
  • C Short-term borrowing from IMF
  • D Internal borrowing from commercial banks
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Question 1764:
Exploitation of forest resources becomes a major problem when _____________
  • A Communities fight over ownership
  • B They are not renewed
  • C They are neglected
  • D The supply is fixed in the long-run
View Answer & Explanation
Question 1765:
Natural resources that are renewable are found in the _____________
  • A Mining sector
  • B Traditional sector
  • C Agricultural sector
  • D Secondary sector
View Answer & Explanation