by Sunday | Jan 2 | Economics WAEC
A. Increase in export duties B. Increase in excise duties C. Depreciation of currency D. Total ban on imports Correct Answer: Option C – Depreciation of currency Explanation The economic effect is thus, depreciation of currency tends to increase a...
by Sunday | Jan 2 | Economics WAEC
A. make imported goods affordable B. reduce domestic unemployment C. encourage the importation of non-essential goods D. make a country enjoy an absolute advantage in the production of all goods Correct Answer: Option D – make a country enjoy an absolute...
by Sunday | Jan 2 | Economics WAEC
A. scares many people from politics B. prevent politicians from playing effective politics C. discourage entrepreneurs generally D. encourages urban-rural migration Correct Answer: Option C – discourage entrepreneurs generally Explanation Most developing...
by Sunday | Jan 2 | Economics WAEC
A. allocation of resources by the entrepreneurs B. mapping out strategies by the government C. developing some areas of the country by the government D. deciding on which types of homes to build Correct Answer: Option B – mapping out strategies by the government...
by Sunday | Jan 2 | Economics WAEC
A. is borne only by the producer B. is borne only by the consumer C. will have a greater impact on the seller D. will have no impact on the buyer Correct Answer: Option B = is borne only by the consumer Explanation The incidence of tax when demand is perfectly...
by Sunday | Jan 2 | Economics WAEC
A. only taxation to control aggregate demand B. bank rate to influence lending C. only government expenditure to regulate an economy D. government revenue and expenditure to regulate an economy Correct Answer: Option D – government revenue and expenditure to...
by Sunday | Jan 2 | Economics WAEC
A. many banks will shut down their operations B. customers will borrow more from banks C. the supply of money may be reduced D. interest charges by banks will fall Correct Answer: Option C – the supply of money may be reduced Explanation A rise in the bank rate...
by Sunday | Jan 2 | Economics WAEC
A. lend on short-term basis B. pay interest on current accounts only C. are mostly joint-stock companies D. do not deal in foreign currencies Correct Answer: Option D – do not deal in foreign currencies Explanation Commercial bank is the bank organized to...
by Sunday | Jan 2 | Economics WAEC
A. save more money B. spend more money C. give out more loans D. spend less money Correct Answer: Option B – spend more money Explanation Anticipated inflation occurs when people know inflation is going to occur and prepare for it. For example, increased...
by Sunday | Jan 2 | Economics WAEC
A. unlimited liability B. limited liability C. lack of continuity when a shareholder dies D. limited control in management by shareholders Correct Answer: Option D – limited control in management by shareholders Explanation The owners of the business (...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.