by Sunday | Aug 1 | Economics WAEC
A. import substitution B. capital intensive C. the contract method D. the use of foreigners in the factories E. labour intensive Correct Answer: Option B – capital intensive
by Sunday | Aug 1 | Economics WAEC
A. there is a high degree of competition among producers B. producers and consumers operate freely C. factors of production are mobile D. no allowance is made for social costs and social benefits E. there is price control measure in the system Correct Answer: Option E...
by Sunday | Aug 1 | Economics WAEC
A. owners B. managers C. chief executives D. company advisers E. day-to-day decision-makers Correct Answer: Option A – owners
by Sunday | Aug 1 | Economics WAEC
A. export B. construction C. Mining D. Manufacturing E. Transport Correct Answer: Option A – export
by Sunday | Aug 1 | Economics WAEC
A. make abnormal profits B. are given tax holidays C. are unified under one management D. pay high wages E. can have a large pool of skilled labours Correct Answer: Option E – can have a large pool of skilled labours
by Sunday | Aug 1 | Economics WAEC
A. total cost decreases B. average cost decreases and then increases C. average cost increases D. marginal cost steadily increase E. total cost remains constant Correct Answer: Option B – average cost decreases and then...