by Sunday | Aug 3 | Economics WAEC
A. with a high dependency ratio B. with many young people C. in which the number of old persons is increasing D. that is dominated by very old people Correct Answer: Option C – in which the number of old persons is...
by Sunday | Aug 3 | Economics WAEC
A. high rate of rural-urban migration B. poor geographical distribution of population C. high birth rate in the country D. poor town planning in urban areas Correct Answer: Option D – poor town planning in urban areas
by Sunday | Aug 3 | Economics WAEC
A. expenditure of the people on different commodities B. competition among the different producers C. competition among the different consumers D. supply and demand in the factor markets Correct Answer: Option D – supply and demand in the factor...
by Sunday | Aug 3 | Economics WAEC
A. make an effort to understand how the economy works B. make the best use of scarce resources C. organize production at the lowest cost D. decide under what circumstances the government should intervene in the economy Correct Answer: Option B – make the best...
by Sunday | Aug 3 | Economics WAEC
A. gives annual grants to all developing countries B. assist countries to solve their balance of payment problems C. execute their development projects D. help to promote regional economic groupings E. is owned by all developed countries Correct Answer: Option B...
by Sunday | Aug 3 | Economics WAEC
A. political conflicts in the United Nation Security Council B. educational needs of the developed countries C. religious affairs in Southern Africa D. revenue allocation in Nigeria E. better terms of trade in the world Correct Answer: Option E – better terms of...