Waec Economics Past Questions and Answers

Question 1646:

• WAEC 2018

which of the following forms of economic integration is a member nation free to impose duty against

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

Question 1647:

• WAEC 2018

The International bank for reconstruction and development (IBRD) performs the following functions except?

A. Granting long-term loans
B. Assisting with technical expertise
C. Reducing tariff among members
D. Developing human resource

Question 1648:

• WAEC 2018

An electrical engineer who is teaching physics in a secondary school is said to be

A. Under-employed
B. Unemployed
C. Fully employed
D. Technically unemployed

Question 1649:

• WAEC 2018

one benefit a country can derive from the extraction of crude oil is increase in?

A. Population
B. Employment
C. Money
D. Demand for imports

Question 1650:

• WAEC 2018

which of the following cannot be classified as a natural resource

A. Iron rod
B. Wild life
C. Solar energy
D. Gold