WAEC Economics 2024 Objective — Question 48

Question 48 of 50 from the West African Examinations Council (WAEC) Economics 2024 Objective paper, with the correct answer and a full explanation.

48. Harmonised monetary and fiscal policies is a feature of

A. a free trade area.Correct
B. an economic union.
C. a customs union.
D. a common market.

Explanation

In a free trade area, there is a tax waiver (fiscal aspect) and more money is imported into the economy (monetary aspect); that is why fiscal and monetary policies are harmonized.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Economics 2024 Objective More Economics past papers