by Sunday | Aug 2 | Economics WAEC
A. remain unchanged B. shift to the right C. decrease D. shift to the left E. slopes upwards Correct Answer: Option D – shift to the left
by Sunday | Aug 2 | Economics WAEC
I. technological change takes place II. the quantity of labour and capital is not fixed III. unemployment is not constant A. I only B. II only C. I and II only D. I and III only E. III only Correct Answer: Option C – I and II...
by Sunday | Aug 2 | Economics WAEC
A. younger people in the population B. children in the population C. old people in the population D. women in the population E. men in the population Correct Answer: Option A – younger people in the population
by Sunday | Aug 2 | Economics WAEC
A. production of goods and services is less than optimum B. output per head is at its highest with a given volume of resources C. total production increases with a given volume of resources D. national resources increase as population increases E. working population...
by Sunday | Aug 2 | Economics WAEC
A. multiple exchange rate B. indivisibility of goods and services C. double coincidence of wants D. bulkness of commodities E. inflation Correct Answer: Option E – inflation
by Sunday | Aug 2 | Economics WAEC
A. speculative motive B. price level C. transactionary motive D. precautionary motive E. employment level Correct Answer: Option B – price level