by Sunday | May 23 | Economics WAEC
A. collectively owned B. jointly owned C. privately owned D. communally owned Correct Answer: Option C C. privately owned
by Sunday | May 23 | Economics WAEC
A. capital economic system B. command economic system C. combined economic system D. traditional Correct Answer: Option A A. capital economic system
by Sunday | May 23 | Economics WAEC
A. competition among producers B. demand and supply force guiding production decision C. that profit motive is paramount D. public ownership of capital Correct Answer: Option D D. public ownership of capital
by Sunday | May 23 | Economics WAEC
A. frictional unemployment B. residual unemployment C. structural unemployment D. mass unemployment Correct Answer: Option A A. frictional unemployment
by Sunday | May 23 | Economics WAEC
A. demand and supply B. cost of production C. production possibility curve D. scarcity of resources Correct Answer: Option D D. scarcity of resources
by Sunday | May 23 | Economics WAEC
A. social cost B. real cost C. fixed cost D. variable cost Correct Answer: Option B B. real cost