by Sunday | Jan 2 | Economics WAEC
A. currency note B. mobile money C. cheques D. silver Correct Answer: Option D – silver Explanation Commodity money are money who has value has money and commodity e.g. gold, silver coin, diamond, cattle, bead...
by Sunday | Jan 2 | Economics WAEC
A. higher per capita income B. increase in poverty C. increased outflow of aid D. underutilization of resources Correct Answer: Option D – underutilization of resources Explanation An increase in national income without effective control of population size in a...
by Sunday | Jan 2 | Economics WAEC
A. managerial economies B. financial economies C. marketing economies D. welfare economies Correct Answer: Option C – marketing economies Explanation Marketing economies of scale is an advantage of large firms, which have a lower unit cost for advertising and...
by Sunday | Jan 2 | Economics WAEC
A. accumulate revenue for the government B. educate farmers on the pricing of cash crops C. stabilize the incomes of cash crop farmers D. provide warehousing facilities Correct Answer: Option C – stabilize the incomes of cash crop farmers Explanation The prime...
by Sunday | Jan 2 | Economics WAEC
A. seasonal unemployment B. structural unemployment C. frictional unemployment D. cyclical unemployment Correct Answer: Option C – cyclical unemployment Explanation Frictional unemployment arises when a person is in between jobs. It is also a sort of...
by Sunday | Jan 2 | Economics WAEC
A. Education and training B. Provision of welfare service C. Race and colour of workforce D. Quality of other factor inputs Correct Answer: Option C – Race and colour of workforce Explanation The factors affecting the efficiency of labour are: – Level of...
by Sunday | Jan 2 | Economics WAEC
A. an excessive budget deficit B. a reduction in standard of living C. a wider market for goods and services D. a higher dependency ratio Correct Answer: Option C – a wider market for goods and services Explanation The positive effect of the large population is...
by Sunday | Jan 2 | Economics WAEC
A. grant credit to the wholesaler B. break bulk and sell products in small units C. reduce cost of distribution D. generate demand for products through advertisement Correct Answer: Option B – break bulk and sell products in small units Explanation The primary...
by Sunday | Jan 2 | Economics WAEC
A. providing research facilities B. purchasing raw materials C. designing the product D. breaking the bulk Correct Answer: Option D – breaking the bulk Explanation The middlemen plays the role of an intermediary in a distribution or transaction chain who...
by Sunday | Jan 2 | Economics WAEC
A. variable cost B. fixed cost C. total cost D. marginal cost Correct Answer: Option B – fixed cost Explanation A firm that shut down will earn zero revenue and its variable cost of producion is also zero, so the firm’s total cost of production is equal to...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.