2004 - WAEC Economics Past Questions and Answers - page 5
41
A surplus in the balance of payment should be used to
A
subsidized multinational companies
B
build infracstructures for friendly nations
C
make donations to developed countries
D
buy investment overseas
correct option: d
Users' Answers & Comments42
Development planning which take an overall view of the economy is described as
A
aggregate economic planning
B
disaggregate economic planning
C
sectorial economic planning
D
system economic planning
correct option: a
Users' Answers & Comments43
The national income of a country can be estimated by the
A
cost-benefit method
B
distribution method
C
expenditure method
D
consumption method
correct option: c
Users' Answers & Comments44
which of the following is excluded when making national income?
A
dividends
B
wage and salaries
C
transfer of payments
D
profits
correct option: c
Users' Answers & Comments45
The Economic Community of West African States (ECOWAS) has been been slow in achieving its objective sbecause of
A
political instability in member state
B
the activities of multinationals
C
inadequate personnel at the secretariat
D
inadequate international support
correct option: a
Users' Answers & Comments46
A major achievement of the Organization of Petroleum Exporting Countries (OPEC) is that
A
crude oil price has increased tremendously
B
petroleum product price have remained low
C
producing countries are highly industrilized
D
price of crude oil has remained relatively state
correct option: d
Users' Answers & Comments