by Sunday | May 26 | Economics WAEC
A. rent B. wages C. interest D. profit Correct Answer: Option D D. profit
by Sunday | May 26 | Economics WAEC
A. payment made on acquisition of a firm’s premises B. payment made for the procurement of tools and equipment C. returns on investment D. payments made on any factors of production that is temporarily fixed in supply Correct Answer: Option D D. payments made on...
by Sunday | May 26 | Economics WAEC
A. Capitalism B. Socialism C. communism D. unitarism Correct Answer: Option A A. Capitalism
by Sunday | May 26 | Economics WAEC
A. resource are scarce relative to wants B. man is insatiable C. money is scarce D. man engages in too many economic activities Correct Answer: Option A A. resource are scarce relative to wants
by Sunday | May 26 | Economics WAEC
A. socialist economy B. Mixed economy C. Capitalist economy D. welfare economy Correct Answer: Option A A. socialist economy
by Sunday | May 26 | Economics WAEC
A. gross capital formation B. net capital formation C. disposable income D. gross national product Correct Answer: Option D D. gross national product