WAEC Economics 2014 Objective — Question 40

Question 40 of 50 from the West African Examinations Council (WAEC) Economics 2014 Objective paper, with the correct answer and a full explanation.

West Africa countries are experiencing worsening terms of trade because

A. they are primary producersCorrect
B. their currencies are overvalued
C. they import less machines
D. they are tertiary producers

Explanation

Many West African countries are primary producers, and the value of primary products is usually low, therefore the value of exports relative to imports is usually low.

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