Waec Economics 2015 Past Questions and Answers

Question 41:

• WAEC 2015

when the demand for foreign exchange exceeds its supply, the value of the domestic currency

A. Appreciates
B. Depreciates
C. Remains inchanged
D. Expands

Question 42:

• WAEC 2015

The export of west A frican countries are mostly composed of

A. Service
B. Raw materials
C. Manufactured goods
D. Consumer goods

Question 43:

• WAEC 2015

A concious effort of government to achieve a specific set of goals is?

A. Economic planning
B. Economic development
C. Economic growth
D. Economic target

Question 44:

• WAEC 2015

A country has favourable terms of trade when the prices of her

A. Exports rises relative to the price of her imports
B. Exports falls relative to the price of her imports
C. Imports rise faster than the prices of imports
D. Imports and exports move in the same direction

Question 45:

• WAEC 2015

The abolition of all forms of trade barriers among member countries while maintaining common external tariffs against non members is a feature of a

A. Free trade
B. Custom union
C. Common market
D. Economic union