by Sunday | Aug 2 | Economics WAEC
A. An increase in taxation B. An increase in savings C. A decrease in money supply D. An increase in government expenditure Correct Answer: Option D – An increase in government expenditure
by Sunday | Aug 2 | Economics WAEC
A. homogeneity B. relative scarcity C. divisibility D. general acceptability Correct Answer: Option D – general acceptability
by Sunday | Aug 2 | Economics WAEC
A. prevent members from violating their quota B. enhance the quality of petroleum product C. compete with the North Sea producers D. ensure viable crude reserves Correct Answer: Option A – prevent members from violating their...
by Sunday | Aug 2 | Economics WAEC
A. a fall in crude oil production B. an excess supply of crude petroleum C. a higher crude oil price offered by the buyer D. a higher crude oil price demanded by the seller Correct Answer: Option B – an excess supply of crude...
by Sunday | Aug 2 | Economics WAEC
A. residual employment B. mass unemployment C. structural unemployment D. cyclical unemployment Correct Answer: Option C – structural unemployment
by Sunday | Aug 2 | Economics WAEC
A. more efficient management of resources B. a better combination of factors of production C. reduced resources costs due to operation of other firms D. a higher profit level due to increased sales Correct Answer: Option C – reduced resources costs due to...