by Sunday | Aug 3 | Economics WAEC
A. The distributors B. A price index C. A demand index D. A supply index E. The use of cheque Correct Answer: Option B – A price index
by Sunday | Aug 3 | Economics WAEC
A. inadequate improvement in the wage rate of workers B. excessive demand due to high purchasing power C. excessive supply of raw materials for production D. rise in productivity of the factors of production E. excessive rise in the standard of living Correct Answer:...
by Sunday | Aug 3 | Economics WAEC
I monopoly II duopoly III oligopoly A. I only B. II and III only C. I and II only D. I and III only E. I, II and III only Correct Answer: Option E – I, II and III only
by Sunday | Aug 3 | Economics WAEC
A. A single seller sells a product which has no close substitute B. Few sellers sell a product s at different prices C. The entry of other firms is restricted by the few firms in the market D. Two or more sellers sell a product which is differentiated E. a single...
by Sunday | Aug 3 | Economics WAEC
A. Disguised B. Imposed C. Cyclical D. Voluntary E. Functional Correct Answer: Option C – Voluntary
by Sunday | Aug 3 | Economics WAEC
A. An avenue for expressing national prestige B. Services at a cheaper cost C. Socially necessary facilities D. Services which are natural monopolies E. Employment opportunities Correct Answer: Option A – An avenue for expressing national...