by Sunday | Jan 2 | Economics WAEC
A. break the monopolies of private companies B. encourage thrift and credit among members C. assist producers to maximize their profits D. promote and maintain the welfare of members Correct Answer: Option D – promote and maintain the welfare of members...
by Sunday | Jan 2 | Economics WAEC
A. the size of the population B. price of the commodity C. income distribution D. taste and fashion Correct Answer: Option B – price of the commodity Explanation Change in demand is also known as shift in demand. A change / shift in demand is caused by taste,...
by Sunday | Jan 2 | Economics WAEC
A. is vertical B. is horizontal C. slopes downward D. slopes upward Correct Answer: Option B – is horizontal Explanation A perfect elastic supply curve is the one in which the supply curve is perfectly horizontal. It is a theoretical curve and such a curve does...
by Sunday | Jan 2 | Economics WAEC
A. Increase in variable inputs B. constant technology C. Land fragmentation D. Technological innovations Correct Answer: Option D – Technological innovations Explanation Law of diminishing returns also known as known as law of variable proportion. It is applied...
by Sunday | Jan 2 | Economics WAEC
A. net factor income B. net indirect taxes C. net national product D. net present value Correct Answer: Option C – net national product Explanation Net National Product is the gross national product minus depreciation i.e NNP = GNP – Depreciation or...
by Sunday | Jan 2 | Economics WAEC
A. opportunity cost of goods consumed B. incomes of consumers in order of size C. utilities enjoyed by consumers D. consumer’s wants in order of priority Correct Answer: Option D – consumer’s wants in order of priority Explanation Scale of preference...
by Sunday | Jan 2 | Economics WAEC
A. monetary policy B. export policy C. fiscal policy D. import policy Correct Answer: Option A – monetary policy Explanation Monetary policy refers to the policy taken by the Central Bank to control and regulate the supply of money with the public (economy)....
by Sunday | Jan 2 | Economics WAEC
A. price ceiling B. price mechanism C. price control D. price floor Correct Answer: Option D – price floor Explanation Minimum price is often called price floor and it is fixed by the government to protect the producer or seller. Minimum price is set above the...
by Sunday | Jan 2 | Economics WAEC
A. marginal revenue curve is above the average revenue curve B. marginal cost curve cuts the marginal revenue curve from below C. firm must show that it is profitable D. marginal cost must be equal to average revenue Correct Answer: Option B – marginal cost...
by Sunday | Dec 27 | Chemistry JAMB
A. precipitation B. hydration C. hydrolysis D. neutralization Correct Answer: Option D – neutralization Explanation A neutralization reaction is when an acid and a base react to form water and a salt and involves the combination of H+ ions and OH- ions to...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.