by Sunday | Apr 20 | Economics WAEC
A. zero-based budget B. budget deficit C. balanced budget D. surplus budget Correct Answer: Option C = balanced budget
by Sunday | Apr 20 | Economics WAEC
A. poor coordination between local and national governments B. exportation of more primary products C. lack of educational institutions in those countries D. urban-rural migration of citizens Correct Answer: Option B = exportation of more primary products Explanation...
by Sunday | Apr 20 | Economics WAEC
A. trading B. mining C. agriculture D. manufacturing Correct Answer: Option C – agriculture Explanation Developing countries are characterized by a large percentage of the labour force engaged in agricultural activities. These are countries with low per capita...
by Sunday | Apr 20 | Economics WAEC
A. Compensate their customers for losses B. act as lender of last resort C. help in maintaining monetary stability in a nation D. help in mobilizing savings for investment Correct Answer: Option D – help in mobilizing savings for...
by Sunday | Apr 20 | Economics WAEC
A. Amount of borrowing increases B. Amount of borrowing decreases C. Supply of money increases D. Commercial banks are not affected Correct Answer: Option B = Amount of borrowing decreases Explanation The central bank normally raises the lending rates in order to...
by Sunday | Apr 20 | Economics WAEC
A. elasticity B. flexibility. C. economy D. certainty Correct Answer: Option C – economy Explanation The canon of economy: implies that the cost of collecting a tax should be as minimum as possible. This is what protects citizens from being overly charged by a...
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