Economics WAEC - Page 278 of 319

Goods are said to be in competitive demand when they are?

A. substitutes B. complementary C. jointly demanded D. identical Correct Answer: Option A A. substitutes

Goods which have to be paid for are known as?

A. physical goods B. economic goods C. free goods D. intangible goods Correct Answer: Option B B. economic goods

The type of monopoly that develops as a result of uneven distribution of resources is called?

A. legal monopoly B. natural monopoly C. state monopoly D. international monopoly Correct Answer: Option A A. legal monopoly

Why would an individual increase his level of consumption during inflationary periods?

by Sunday | Nov 8 | Economics WAEC

A. The real value of any amount saved falls over time B. Interest rates are generally low C. There are varieties of goods to buy D. Wages and salaries stagnate during inflation Correct Answer: Option A A. The real value of any amount saved falls over...

An increase in the supply of a commodity X automatically results in an increase in the supply of another commodity Y. This is a cause of?

by Sunday | Nov 8 | Economics WAEC

A. elastic supply B. joint supply C. exceptional supply D. competitive supply Correct Answer: Option B B. joint supply

Which of the following is an asset of a commercial bank?

by Sunday | Nov 8 | Economics WAEC

A. Reserve funds B. Shareholders capital C. Customers’ deposits D. Treasury bills Correct Answer: Option D D. Treasury bills

Goods are said to be in competitive demand when they are?

Goods which have to be paid for are known as?

The type of monopoly that develops as a result of uneven distribution of resources is called?

Why would an individual increase his level of consumption during inflationary periods?

An increase in the supply of a commodity X automatically results in an increase in the supply of another commodity Y. This is a cause of?

Which of the following is an asset of a commercial bank?

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