by Sunday | Jan 7 | Economics WAEC
A. promoting co-operation and integration B. to facilitate the expansion of international trade C. to provide insurance D. to ensure new investment Correct Answer: Option A A. promoting co-operation and integration Explanation The Economic Community of West African...
by Sunday | Jan 7 | Economics WAEC
A. Oil glut B. Oil spill C. Oil shock D. Oil wastage Correct Answer: Option B D. Oil wastage Explanation Oil is release into the ocean or coastal waters but also occur on land. Oil spill is released into the environment especially marine areas due to human activity...
by Sunday | Jan 7 | Economics WAEC
A. Wholesale Price Index B. Consumer Price Index C. National Income D. Retailer’s Price Index Correct Answer: Option C C. National Income Explanation If the national income or output is increased, economic growth will also...
by Sunday | Jan 7 | Economics WAEC
A. its capital may not be increased without government permission B. the proprietor is personally liable for the firm’s debts C. the proprietor is not able to obtain credit D. the proprietor may not sue for bad debts Correct Answer: Option B B. the proprietor is...
by Sunday | Jan 7 | Economics WAEC
A. sacred land B. individual land C. communal land D. rent land Correct Answer: Option C C. communal land Explanation Communal land is community land.
by Sunday | Jan 7 | Economics WAEC
A. Import monopoly B. Import license C. Import quota D. Embargo Correct Answer: Option B B. Import license Explanation Import license allows an importer to bring and purchase foreign currency required to pay for...