Waec Economics 1995 Past Questions and Answers

Question 46:

• WAEC 1995

Give five reasons why Government participates in business enterprise.

Question 47:

• WAEC 1995

(a) Define tariffs
(b) What are the reasons for imposing tariffs?

Question 48:

• WAEC 1995

In what ways will the efficient functioning of the Economic Community of West African. States (ECOWAS) hasten the economic growth of its member states?

Question 49:

• WAEC 1995

Why are West African countries referred to as under-developed?