by Sunday | Mar 28 | Economics WAEC
A. population size and age of retirement B. school leaving age and number of disabled workers C. work environment and health status of workers D. school leaving age and number of part-time workers Correct Answer: Option C – work environment and health status of...
by Sunday | Mar 28 | Economics WAEC
A. a problem of unemployment of labour B. the creation of artificial scarcity C. high prices of goods and services D. an increase in government tax revenue Correct Answer: Option A – a problem of unemployment of labour
by Sunday | Mar 28 | Economics WAEC
A. sole proprietorship B. partnership C. joint stock company D. consumer co-operative Correct Answer: Option C = joint stock company
by Sunday | Mar 28 | Economics WAEC
A. sale of shares B. government subvention C. trade credit D. surplus Correct Answer: Option B = government subvention
by Sunday | Mar 28 | Economics WAEC
A. is above the average revenue curve B. slopes down to the right and is below the AR curve. C. and the AR curve are downward sloping and are identical. D. is vertical while the average revenue curve is horizontal. Correct Answer: Option B – slopes down to the...
by Sunday | Mar 28 | Economics WAEC
A firm incurred the following costs in production. Use the information in the table to answer the question below. Output (bags of rice) 0 10 20 30 40 50 60 Total Cost ($) 100 200 300 380 440 520 600 A. $10 B. $11 C. $60. D. $80 Correct Answer: Option B =...
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