by Sunday | Jul 31 | Economics WAEC
A. how far business can reduce cost B. the degree of competition C. the extent to which curve shifts D. consumer responsiveness to price changes E. none of the above Correct Answer: Option D – consumer responsiveness to price...
by Sunday | Jul 31 | Economics WAEC
A. rent and wages B. interest and profits C. wages and interest D. dividends and salary E. tax Correct Answer: Option A – rent and wages
by Sunday | Jul 31 | Economics WAEC
A. improve standards of living B. protect infant industries C. safeguard strategic industries D. promote foreign trade Correct Answer: Option B – protect infant industries
by Sunday | Jul 31 | Economics WAEC
A. economic prosperity for importers and exporters B. export of hard currency by the government C. economic prosperity for country D. import of hard currency by the government Correct Answer: Option C – economic prosperity for...
by Sunday | Jul 31 | Economics WAEC
A. comparative advantage B. absolute advantage C. distributive cost advantage D. absolute cost advantage Correct Answer: Option A – comparative advantage
by Sunday | Jul 31 | Economics WAEC
A. demand for imports is elastic B. demand for imports is inelastic C. supply of exports is elastic D. demand for exports is inelastic Correct Answer: Option A – demand for imports is elastic