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Economics Past Questions and Answers

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Waec Economics Questions

Question 401:

The largest employment sector in a typical West African country is

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A Construction
B Transportation
C Petroleum
D Agriculture
E Manufacturing

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Question 402:

The indigenisation policy in Nigeria is aimed at

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A Nationalising foreign businesses
B Alternating foreign investors
C Commandeering foreign businesses in Nigeria
D Expelling foreign investors and taking over their investment
E Increasing equity participation and control by Nigerians

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Question 403:

the foregone alternative in Economics is simply the

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A Marginal cost
B Cost of foreign products
C Total cost
D Opportunity cost
E Average cost

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Question 404:

all the following are different forms of money except

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A Bank notes
B Demand deposits
C Coins
D Currency
E Bank sellers

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Question 405:

The developments banks are essentially different from commercial banks because they

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A Medium and long term loans
B Open current accounts for their customers
C Discount bills of exchange
D Are lenders of last resort
E Carry out open market operations

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