by Sunday | Jan 7 | Economics WAEC
A. 145 B. 15 C. 90 D. 6 Correct Answer: Option B Explanation Arithmetic Mean = ∑X N where N = Number of observation and X is observations Therefore; 5 + 8 + 10 + 15 + 24 + 28 6 = 90 6 =...
by Sunday | Jan 7 | Economics WAEC
A. Frugal economy B. Spend-thrift economy C. Capitalist economy D. Mixed economy Correct Answer: Option A A. Frugal economy Explanation A frugal economy is an economy in which the income is shared between consumption and saving or consumption and investment i.e γ = c...
by Sunday | Jan 7 | Economics WAEC
A. income approach B. expenditure approach C. value added method D. output approach Correct Answer: Option A A. income approach Explanation The reward of factors of production are: Rent, Interest, wages & salaries and profit. In national income adding the reward...
by Sunday | Jan 7 | Economics WAEC
A. an increase in the equilibrium price and decrease in the equilibrium quantity bought and sold B. an increase in both equilibrium C. a decrease in the equilibrium price and an increase in the equilibrium quantity bought and sold D. a decrease in both equilibrium...
by Sunday | Jan 7 | Economics WAEC
A. A stock B. A Flow C. Constant D. A table Correct Answer: Option B B. A Flow Explanation Supply is a flow because its relates to a period of time i.e has a time dimension.
by Sunday | Jan 7 | Economics WAEC
A. Elastic B. Inelastic C. Perfectly elastic D. Unitary Correct Answer: Option C C. Perfectly elastic Explanation The foreign market is perfectly competitive while the home market is monopolistic. Since foreign market is a perfect competitor then the monopolist is...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.