by Sunday | Jul 31 | Economics WAEC
A. more naira is spent on commodities with the highest utility B. less naira is spent on commodities with the lowest utility C. the utility of the last naira spent on each commodity is equal D. the amount spent on each commodity is equal Correct Answer: Option C...
by Sunday | Jul 31 | Economics WAEC
A. what the consumer wants B. government decisions C. price mechanism D. the pattern of consumer spending Correct Answer: Option B – government decisions
by Sunday | Jul 31 | Economics WAEC
A. private ownership of factors of production B. ownership of factors of production by rich members of the society C. use of capital and labour in fixed proportions during production D. use of capital intensive methods of production Correct Answer: Option A –...
by Sunday | Jul 31 | Economics WAEC
A. N 60 B. N 45 C. N 35 D. N 30 Correct Answer: Option C – N 35
by Sunday | Jul 30 | Economics WAEC
A. price, time and availability of alternatives B. technology and cost of production C. time and availability of alternatives D. price, time and technology changes Correct Answer: Option A – price, time and availability of...
by Sunday | Jul 30 | Economics WAEC
A. what is and not what should be B. facts and not figures C. facts and figures D. value judgements Correct Answer: Option D – value judgements