Economics Past Questions

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48 questions JAMB 2540 WAEC 1723 NECO 272 CUSTOM 10
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Past Questions

48 questions
Question 1 of 20 48 total questions
Question 1
waec 2017

the negative effects of mining in wast A frica does not include?

AReafforestation in rural communities
Bland degradation
Cdestruction of farm lands
Dpollution of water bodies
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Question 2
waec 2017

Which of the following resources is renewable

Acoal
Biron ore
Crice
Dlimestone
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Question 3
waec 2017

one objective of organisation of patroleum exporting countries (OPEC) is to?

Aharmonize and stabilize oil prizes
Bensure excess supply of oil to consuming countries
Csubsidize oil prices in member countries
Dassist member countries to exploit oil resources
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Question 4
waec 2017

one problem facing the economic integration of countries in west Africa is the

Apresence of large and developed market
Buneven development among west African countries
Cexistence of different central banks in the countries
Dfairly of labour to move freely in the country
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Question 5
waec 2017

which of the following terms of trade is recorded in a country's current account section of the balance of payments

Ainvestment income
Bforeign direct investment
Clongterm capital flows
Dlong-term loans
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Question 6
waec 2017

Modern international trade is based on the principle of?

Aabsolute cost advantage
Bcomparative advantage
Cterms of trade
Dbalance of trade
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Question 7
waec 2017

Infant industries can be described as?

Anewly established industries
Bindustries enjoying tax holidays
Cindustries producing baby products
Dnewly commercialized industries
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Question 8
waec 2017

Dumping in international occurs when a foreign firm sells

Aabove its cost of production at home and abroad
Bbelow its cost of production at home and abroad
Cmore goods to a country than the country has need of
Dbelow its cost of production in a foreign market
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Question 9
waec 2017

one way of speeding up the economic development of a country is by encouraging

Athe consumption of consumer goods
Bearly marriage
Cthe importation of more consumer goods
Dsavings and investment
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Question 10
waec 2017

which of the following is not a feature of economic underdevelopment 

Amonocultural economy
Bhigh productivity
Clow life expectancy
Dincome inequality
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Question 11
waec 2017

The control of aggregate demand through changes in government spending and tax rates is referred to as?

Amonetary policy
Bgovernment policy
Cincome policy
Dfiscal policy
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Question 12
waec 2017

Direct taxes include?

Aexcise duty
Bad valorem tax
Cspecific tax
Dcapital gain tax
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Question 13
waec 2017

The function that distinguishes commercial banks from the central bank is that the former 

Ais a lender of last resort
Baccepts deposits from the public
Cservices the public debt
Dregulates foreign exchange
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Question 14
waec 2017

one of the major functions of money is?

Amedium of exchange
Bstable in value
Cstore of value
Dacceptance by the central bank
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Question 15
waec 2017

A measure of the value of money in an economy is the

Asize of workers
Bgeneral price
Ctotal level of savings
Dtotal amount of loans granted by the banks
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Question 16
waec 2017

which of the following is most likely to be of benefit to a debtor

Ainflation
Bdeflation
Crevaluation
Dmonetization
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Question 17
waec 2017

the value added method used in measuring national income is to 

Ameasure output at factor cost
Bavoid multiple counting of output
Cdeduct depreciation of capital assets
Dadd net factor income from abroad
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Question 18
waec 2017

which of the following is a transfer income

Adividends
Brent
Cpensions
Dinterest
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Question 19
waec 2017

in an industrial area, the location of industries is particularly influenced by ?

Aextent of the division of labour
Bexternal economies
Cinternal economies
Dnearness to financial institution
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Question 20
waec 2017

which of the following is a threat to the existence of middlemen

Aconsumers cooperative society
Bproducers cooperative society
Csales agents
Dlarge scale producers
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