Economics Past Questions And Answers
Industrialization is a prerequisite for balanced economic growth because it
- A. encourages trade liberalization
- B. stimulates the development of all sectors
- C. enhances productivity in the manufacturing sector
- D. expends employment opportunities in urban areas
if workers at the school canteen sell during the holidays, this is an example of?
- A. structural unemployment
- B. frictional unemployment
- C. seasonal unemployment
- D. residual unemployment
Invisible trade refers to trade in
- A. services
- B. goods and services
- C. tangible goods
- D. crude oil
A persistent rise in the general level of prices implies?
- A. an increase in some prices
- B. a one-time rise in prices
- C. a steady fall in the purchasing power of money
- D. that the higher the price level, the more the value of money
(a) Distinguish between cash ratio and special deposits.
(b) Explain how cash ratio and special deposits are used as instruments of monetary policy.
(c) Describe any two instruments of fiscal policy in West Africa.
View Discussion (0)WAEC 2013 THEORYTo achieve an equilibrium position, the consumer must buy so much of each commodity whose price is equal to its
- A. marginal utility
- B. total utility
- C. average utility
- D. variable utility
A country is described as industrialized if
- A. the contributions of industries to national income are high
- B. traditional and modern sectors coexist
- C. the country adopts an import promotion strategy
- D. primary industries dominate the economy
The graphs illustrate
- A. joint demand
- B. derived demand
- C. composite demand
- D. competitive demand
(a) Distinguish between a cheque and a bank note [8 marks]
(b) What are the main problems of trade by barter? [12 marks]
View Discussion (0)WAEC 2008 THEORYIn international trade, shipping and other freight charges are treated as?
- A. invisible items
- B. unilateral transfers
- C. capital transactions
- D. autonomous capital transactions