by Sunday | May 26 | Economics WAEC
A. a desire to make maximum profit B. introduction of an efficient transport system C. growth of specialization D. extent of the market Correct Answer: Option D D. extent of the market
by Sunday | May 26 | Economics WAEC
A. production of specialized goods B. employment of experts C. monotony of work D. Greater use of machinery Correct Answer: Option D D. Greater use of machinery
by Sunday | May 26 | Economics WAEC
A. there is a rise in the cost of administration B. consumers sacrifice their individual tastes C. the firm can use labour-saving machinery D. the demand for a firm’s product becomes localized Correct Answer: Option C C. the firm can use labour-saving...
by Sunday | May 26 | Economics WAEC
A. is a free gift of nature B. contains valuable mineral resources C. assists in the creation of utility D. is owned by individuals and governments Correct Answer: Option C C. assists in the creation of utility
by Sunday | May 26 | Economics WAEC
A. interest B. donation C. gifts D. subsidy Correct Answer: Option A A. interest
by Sunday | May 26 | Economics WAEC
A. manufacturer B. wholesaler C. retailer D. advertisers Correct Answer: Option B B. wholesaler