by Sunday | Jul 31 | Economics WAEC
A. implicit cost only B. explicit cost only C. implicit and explicit costs D. explicit cost less implicit Correct Answer: Option C – implicit and explicit costs
by Sunday | Jul 31 | Economics WAEC
A. total output less number of workers B. total output multiplied by number of workers C. number of workers less total output D. total output divided by number of workers Correct Answer: Option D – total output divided by number of...
by Sunday | Jul 31 | Economics WAEC
A. linear B. quadratic C. cubical D. exponential Correct Answer: Option A – linear
by Sunday | Jul 31 | Economics WAEC
A. stock exchange B. barter system C. banking D. co-operative system Correct Answer: Option B – barter system
by Sunday | Jul 31 | Economics WAEC
A. a natural resources found everywhere B. a stock of physical assets used for production C. the organization of human and material resources for production D. resources used in training labour Correct Answer: Option B – a stock of physical assets used for...
by Sunday | Jul 31 | Economics WAEC
A. increase production B. price stability C. an inequitable distribution of income D. sustainable growth and income Correct Answer: Option C – an inequitable distribution of income