Waec Economics Past Questions and Answers

Question 771:

• WAEC 2003

Explain any four of the following terms:
(a) Nationalization
(b) Commercialization
(c) Privatization
(d) Indigenization
(e) Joint Ventures.

Question 772:

• WAEC 2003

(a) Distinguish between cost-push inflation and demand pull inflation.
(b) Explain any four ways of controlling inflation.

Question 773:

• WAEC 2003

(a) Define the term unemployment.
(b) Highlight the effects of unemployment on an economy.

Question 774:

• WAEC 2003

Write notes on each of the following:
(a) Savings account
(b) Current account
(c) Fixed deposit account.

Question 775:

• WAEC 2003

In what ways is foreign trade different from domestic trade?