by Sunday | Jan 2 | Economics WAEC
A. in complementary demand B. of the same quality C. in composite demand D. in competitive demand Correct Answer: Option D – in competitive demand Explanation Competitive demand is also known as subtituted demand. There are alternative commodities which can...
by Sunday | Jan 2 | Economics WAEC
A. $ 90.00 B. $ 180.00 C. $ 324.00 D. $ 350.00 Correct Answer: Option C = $ 324.00 Explanation The contribution of the mining sector = 60% x 540 = 324
by Sunday | Jan 2 | Economics WAEC
A. leads to low production of goods and services B. requires large number of officials to operate C. considers individual consumers’ satisfaction D. worsens income inequality among the citizens Correct Answer: Option D – worsens income inequality among the...
by Sunday | Jan 2 | Economics WAEC
A. are unlimited in supply B. have high cost of production C. are free gifts of nature D. do not command any price Correct Answer: Option C – are free gifts of nature Explanation Natural resources exist naturally unlike man made resources that are created by...
by Sunday | Jan 2 | Economics WAEC
A. within the production possibility curve B. outside the production possibility curve C. along the production possibility curve D. adequate to meet market demand Correct Answer: Option A – within the production possibility curve Explanation Point inside the...
by Sunday | Jan 2 | Economics WAEC
A. will increase B. will remain constant C. may be limited to chemical industries D. will make producing countries richer Correct Answer: Option C – may be limited to chemical industries Explanation The transportation industry is the highest demand for petrol...
by Sunday | Jan 2 | Economics WAEC
A. factors of production are free to move and be moved B. common currency is in use C. common agricultural policy is in place D. the size of the market is widened Correct Answer: Option A – factors of production are free to move and be moved Explanation Economic...
by Sunday | Jan 2 | Economics WAEC
A. 0.09 B. 2.00 C. 90.00 D. 380.00 Correct Answer: Option C – 90.00 Explanation Terms of trade = Index of export/ Index of import x 100 = 180/200 x 100 = 90
by Sunday | Jan 2 | Economics WAEC
A. promote free trade and development among members B. provide loans to finance balance of payment problems C. provide loans to members to finance viable projects D. help members overcome their internal problems Correct Answer: Option C – provide loans to...
by Sunday | Jan 2 | Economics WAEC
A. current account transaction B. capital account transaction C. balance of trade account transaction D. invisible balance account transaction Correct Answer: Option B – capital account transaction Explanation Capital account transaction is the net balance of...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.