Waec Economics Past Questions and Answers

Question 1531:

• WAEC 2016

Which of the following is not a major problem of development

A. Shortage of skilled manpower
B. Inadequate data for planning
C. Political instability
D. Poor identification of projects

Question 1532:

• WAEC 2016

The principle of comparative cost advantage was propounded by

A. David Ricardo
B. Alfred Marshal
C. J. S Mill
D. Adam Smith

Question 1533:

• WAEC 2016

The rate at which a country's export is exchanged for her imports is

A. Trade balance
B. Balance of payment
C. Term of trade
D. Balance on current account

Question 1534:

• WAEC 2016

Balance of payment surplus implies that receipts for exports are

A. At par with payments for imports
B. Greater than payment for imports
C. Less than payment for imports
D. Proportional to payments for imports

Question 1535:

• WAEC 2016

When the international value of a country's currency rises, other things being equal, the country's

A. Net exports tend to increase
B. Imports tend to increase
C. Net exports tend to decrease
D. Export tend to be stable