by Sunday | Jan 8 | Economics WAEC
A. bound to increase from year to year B. accumulated as a result of past capital investment C. the responsibility of the treasury D. not covered by any real asset Correct Answer: Option D D. not covered by any real asset Explanation Dead weight is a debt that is...
by Sunday | Jan 8 | Economics WAEC
A. suspend the member state indefinitely B. ban all exports from that state C. suspend dealings in that currency for one year D. ration it among the countries demanding it Correct Answer: Option D D. ration it among the countries demanding it Explanation The clause...
by Sunday | Jan 8 | Economics WAEC
A. the main source of government B. management of spillage and pollution C. protection to the local operators in the petroleum industry D. decrease in the rate of inflation Correct Answer: Option A A. the main source of government Explanation The oil booms caused the...
by Sunday | Jan 8 | Economics WAEC
A. planning B. per capita income C. rich people D. labour face Correct Answer: Option B B. per capita income Explanation Poverty refers to the low level of per capital income of a country when the average income of the people in a country is low there will be high...
by Sunday | Jan 8 | Economics WAEC
A. by the government B. by the treasury C. by the rate payers D. by the taxpayers Correct Answer: Option D D. by the taxpayers Explanation Public corporations also known as statutory corporations or public enterprise risks of the business are borne by the government...
by Sunday | Jan 8 | Economics WAEC
A. provision of employment B. lack of preservation and storage facilities C. land tenure system D. poor transportation systems Correct Answer: Option A A. provision of employment Explanation Provision or providing productive employment is not a problem of...