by Sunday | Aug 3 | Economics WAEC
A. reduction in personal income tax B. retirement of director-general in the public service C. creation of employment opportunities D. compulsory deduction from salaries of all categories of workers E. upward revision of workers fringe benefits Correct Answer: Option...
by Sunday | Aug 3 | Economics WAEC
A. the desire for a commodity B. a proposal to purchase a good on credit C. the desire for a commodity or service backed by purchasing power D. an irrevocable instruction to the seller to meet up the need of the buyers E. the propensity to consume goods produced by...
by Sunday | Aug 3 | Economics WAEC
A. which gives rise to a cobweb situation B. for which demand increases as price increases C. which have a low price elasticity of demand D. which are in short supply E. which have a high-income elasticity of demand Correct Answer: Option B – for which demand...
by Sunday | Aug 3 | Economics WAEC
A. Capitalist economy B. Socialist cum Marxist economy C. Socialist economy D. Capitalist and free economy E. mixed economy Correct Answer: Option E – mixed economy
by Sunday | Aug 3 | Economics WAEC
A. price B. improved production method C. access to capital D. demand for the commodity E. level of income Correct Answer: Option E – level of income
by Sunday | Aug 3 | Economics WAEC
A. Nearness to the market B. Availability of infrastructural facilities C. Government influence in sitting industries D. political instability E. Abundance of cheap labour Correct Answer: Option D – political...