Waec Economics Past Questions and Answers

Question 1471:

• WAEC 2015

In order to control inflation, the government should

A. Reduce the cost of borrowing
B. Buy securities in the open market
C. Adopt restrictive monetary policy
D. Discourage savings

Question 1472:

• 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 1473:

• 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 1474:

• 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 1475:

• 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