by Sunday | Aug 2 | Economics WAEC
A. saves time B. makes work monotonous C. encourages full utilization of capital D. makes workers skilled at their work E. allows greater use of machinery Correct Answer: Option B – makes work monotonous
by Sunday | Aug 2 | Economics WAEC
A. fall in both the price and supply B. fall in price but an increase in supply C. rise in both price and supply D. rise in price and fall in supply E. no change in price and supply Correct Answer: Option B – fall in price but an increase in...
by Sunday | Aug 2 | Economics WAEC
A. Percentage change in price/percentage change in quantity demanded B. Absolute decline in price/absolute increase in quantity demanded C. Percentage change in quantity demanded/percentage change in price D. Absolute decline in quantity demanded/absolute increase in...
by Sunday | Aug 2 | Economics WAEC
A. Are substitutes B. Are complementary to each other C. Are jointly demanded D. Have equal coefficient of elasticity E. Are identical Correct Answer: Option A – Are substitutes
by Sunday | Aug 2 | Economics WAEC
A. Goods are manufactured in the factories B. are sold to the final consumer C. goods and services are distributed by the government D. producers fixed the price of goods produced E. goods and services get to the retailer Correct Answer: Option B – are sold to...
by Sunday | Aug 2 | Economics WAEC
A. labour B. butter C. television set D. breads E. motor cars Correct Answer: Option A – labour