by Sunday | Aug 3 | Economics WAEC
A. A movement along the demand curve B. deflation of the demand curve C. hyperbola formation by the demand curve D. shift of the demand curve Correct Answer: Option D – shift of the demand curve
by Sunday | Aug 3 | Economics WAEC
A. a fixed cost B. an implicit cost C. a variable cost D. a prime cost Correct Answer: Option B – an implicit cost
by Sunday | Aug 3 | Economics WAEC
A. real income B. profit C. economic rent D. real wage Correct Answer: Option C – economic rent
by Sunday | Aug 3 | Economics WAEC
A. land B. labour C. capital D. entrepreneurship Correct Answer: Option B – labour
by Sunday | Aug 3 | Economics WAEC
A. internal economies of scale B. external economies of scale C. economics of localization D. economies of resources allocation Correct Answer: Option A – internal economies of scale
by Sunday | Aug 3 | Economics WAEC
A. Number of people in the working population B. Number of men and hours they work C. Number of hours during which the middle-aged persons work D. Number of workforces multiplied by the hours they work Correct Answer: Option A – Number of people in the working...