WAEC Past Questions and Answers - Page 3610

18,046.

Which of the following countries is not a member of the Economic Community of West African States (ECOWAS)?​​​​​​​

A.

Ghana

B.

The Gambia

C.

Cameroun

D.

Guinea Bissau

Correct answer is C

No explanation has been provided for this answer.

18,047.

Balance of payment deficit implies that a country is

A.

Importing more than she is exporting

B.

Consumed less than she is producing

C.

Living below her means

D.

More productive than others

Correct answer is A

No explanation has been provided for this answer.

18,048.

One major export crop in West Africa is

A.

Rice

B.

Maize

C.

Palm kernel

D.

Cocoa

Correct answer is D

No explanation has been provided for this answer.

18,049.

The Organization of Petroleum Exporting Countries (OPEC) is a

A.

cartel

B.

Duopoly

C.

Monopoly

D.

Monopsony

Correct answer is A

No explanation has been provided for this answer.

18,050.

Small enterprises finds it difficult to expand due to

A.

Inadequate capital

B.

Lack of skilled manpower

C.

The high level of technology required for expansion

D.

Their inability to provide after-sale services

Correct answer is A

No explanation has been provided for this answer.