by Sunday | Jan 2 | Economics WAEC
A. will increase B. will remain constant C. may be limited to chemical industries D. will make producing countries richer Correct Answer: Option C – may be limited to chemical industries Explanation The transportation industry is the highest demand for petrol...
by Sunday | Jan 2 | Economics WAEC
A. factors of production are free to move and be moved B. common currency is in use C. common agricultural policy is in place D. the size of the market is widened Correct Answer: Option A – factors of production are free to move and be moved Explanation Economic...
by Sunday | Jan 2 | Economics WAEC
A. 0.09 B. 2.00 C. 90.00 D. 380.00 Correct Answer: Option C – 90.00 Explanation Terms of trade = Index of export/ Index of import x 100 = 180/200 x 100 = 90
by Sunday | Jan 2 | Economics WAEC
A. promote free trade and development among members B. provide loans to finance balance of payment problems C. provide loans to members to finance viable projects D. help members overcome their internal problems Correct Answer: Option C – provide loans to...
by Sunday | Jan 2 | Economics WAEC
A. current account transaction B. capital account transaction C. balance of trade account transaction D. invisible balance account transaction Correct Answer: Option B – capital account transaction Explanation Capital account transaction is the net balance of...