by Sunday | Jan 7 | Economics WAEC
A. Primary sector B. Secondary sector C. Tertiary sector D. Education sector Correct Answer: Option A A. Primary sector Explanation Primary sector or extractive occupations include farming, fishing, mining, etc workers here form about 65...
by Sunday | Jan 7 | Economics WAEC
A. Protection of Infant industries B. Establishment of Nigeria Enterprises Promotion Decree C. Low Productivity and inefficiency D. Establishment of higher institutions Correct Answer: Option C C. Low Productivity and inefficiency Explanation Low productivity and...
by Sunday | Jan 7 | Economics WAEC
A. concentrating a firm in a place B. transforming as an economy based on extractive to manufacturing C. transferring a government-industry to individual D. transforming finished goods into semi-finished goods Correct Answer: Option B B. transforming as an economy...
by Sunday | Jan 7 | Economics WAEC
A. Proportional tax B. Progressive tax C. Regressive tax D. Digressive tax Correct Answer: Option D D. Digressive tax Explanation Digressive tax are not very steep i.e a tax may be progressive up to a certain limit, after that it may be charged at a flat rate i.e...
by Sunday | Jan 7 | Economics WAEC
A. monetary policy B. physical policy C. fiscal policy D. public finance Correct Answer: Option C C. fiscal policy Explanation Fiscal policy is used to control inflation, deflation, unemployment, economic recession.
by Sunday | Jan 7 | Economics WAEC
A. Derived demand B. Joint demand C. Complementary demand D. Composite demand Correct Answer: Option A A. Derived demand Explanation The demand for labour is a derived demand and has a negative slope indicating as wage rises less labour is...