Waec Economics 2005 Past Questions and Answers

Question 56:

• WAEC 2005

(a) Distinguish between a public company and a public corporation
(b) What are the problems of public corporations in your country?

Question 57:

• WAEC 2005

(a) What is trade by barter?
(b) Highlight the problems posed by trade by barter.

Question 58:

• WAEC 2005

Outline the role of development banks In the economic development of West African countries.

Question 59:

• WAEC 2005

Describe any four ways by which industrial development can promote agricultural productivity in your country

Question 60:

• WAEC 2005

(a) Define the term taxation.
(b) In which four ways can the government of your country use taxation to improve the economy?