by Sunday | Apr 20 | Economics WAEC
A. export diversification B. import substitution C. short-term borrowing from IMF D. internal borrowing from commercial banks Correct Answer: Option C = short-term borrowing from IMF Explanation In correcting the balance of payment deficit, countries may borrow money...
by Sunday | Apr 20 | Economics WAEC
A. made capital more mobile B. made possible the use of common currency C. increased members’ allegiance to former colonial masters D. wIdened the market for goods produced Correct Answer: Option D = wIdened the market for goods...
by Sunday | Apr 20 | Economics WAEC
A. World Trade Organization (WTO) B. United Nations Conference on Trade and Development (UNCTAD) C. Economic Commission for Africa (ECA) D. African Development Bank (AfDB) Correct Answer: Option D = African Development Bank (AfDB) Explanation The African Development...
by Sunday | Apr 20 | Economics WAEC
A. nation can export more services B. nation’s receipts on export are equal to payments on imports C. value of her imports is lower than her exports D. visible exports is less than visible imports Correct Answer: Option C = value of her imports is lower than her...
by Sunday | Apr 20 | Economics WAEC
A. perfectly inelastic B. perfectly elastic C. fairly elastic D. unitary elastic Correct Answer: Option A = perfectly inelastic
by Sunday | Apr 20 | Economics WAEC
A. goods only B. services only C. goods and services D. goods and capital Correct Answer: Option C – goods and services Explanation Balance of trade is the difference between the value of a country’s exports and the value of its imports. These exports and...
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