by Sunday | Apr 20 | Economics WAEC
A. the contributions of industries to national income are high B. traditional and modern sectors coexist C. the country adopts an import promotion strategy D. primary industries dominate the economy Correct Answer: Option A = the contributions of industries to...
by Sunday | Apr 20 | Economics WAEC
A. Local consumption will decrease B. More unskilled labour will be employed C. Foreign exchange will be conserved D. It will attract more tourists Correct Answer: Option C = Foreign exchange will be conserved
by Sunday | Apr 20 | Economics WAEC
A. educational institutions are established in rural areas B. commercial banks are established in rural areas C. more infrastructural facilities are provided in rural areas D. labour intensive method of agriculture is encouraged Correct Answer: Option D = labour...
by Sunday | Apr 20 | Economics WAEC
A. control policy B. monetary policy C. developmental policy D. fiscal policy Correct Answer: Option B – monetary policy Explanation Monetary policy is made up of policies drafted by the central bank to manage the supply of money and interest rates, aimed at...
by Sunday | Apr 20 | Economics WAEC
A. banks give more loans to businessmen B. large family sizes are encouraged C. general education and training are encouraged D. it is handled by the private sector only Correct Answer: Option C = general education and training are encouraged Explanation Human...
by Sunday | Apr 20 | Economics WAEC
A. the practice of subsistence farming was encouraged B. Malthus’s view was seen as an exaggeration C. developing countries adopted birth control method D. new lands and new methods of production were discovered Correct Answer: Option C = developing countries...
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