Waec Economics 2017 Past Questions and Answers

Question 46:

• WAEC 2017

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

A. Investment income
B. Foreign direct investment
C. Longterm capital flows
D. Long-term loans

Question 47:

• WAEC 2017

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

A. Presence of large and developed market
B. Uneven development among west African countries
C. Existence of different central banks in the countries
D. Fairly of labour to move freely in the country

Question 48:

• WAEC 2017

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

A. Harmonize and stabilize oil prizes
B. Ensure excess supply of oil to consuming countries
C. Subsidize oil prices in member countries
D. Assist member countries to exploit oil resources

Question 49:

• WAEC 2017

which of the following resources is renewable

A. Coal
B. Iron ore
C. Rice
D. Limestone

Question 50:

• WAEC 2017

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

A. Reafforestation in rural communities
B. Land degradation
C. Destruction of farm lands
D. Pollution of water bodies