by Sunday | Jul 31 | Economics WAEC
A. MPC and level of income B. level of personal income C. level of personal savings D. government policy and MPC Correct Answer: Option D – government policy and MPC
by Sunday | Jul 31 | Economics WAEC
A. current prices B. nominal prices C. last year prices D. base year prices Correct Answer: Option A – current prices
by Sunday | Jul 31 | Economics WAEC
A. an opportunity cost B. an economic rent C. transfer earnings D. surplus-value Correct Answer: Option B – an economic rent
by Sunday | Jul 31 | Economics WAEC
A. per capital output is maximized B. population is neither increasing nor decreasing C. total national income is maximized D. marginal efficiency of population is maximized Correct Answer: Option A – per capital output is...
by Sunday | Jul 31 | Economics WAEC
A. costs are minimized B. maximized efficiency is attained C. wages are equal to marginal product of labour D. marginal product of labour is equal to zero Correct Answer: Option C – wages are equal to marginal product of...
by Sunday | Jul 31 | Economics WAEC
A. the concentration of industries for even regional development B. setting up of industries for even development C. a situation in which local industries are set up to produce goods formerly imported D. the banning of imports which are substitutes for domestically...