by Sunday | Nov 8 | Economics WAEC
A. Merchant Bank B. Development Bank C. Central Bank D. Insurance Company Correct Answer: Option A A. Merchant Bank Explanation Merchant Bank:- a bank dealing in commercial loans and investment.
by Sunday | Nov 8 | Economics WAEC
A. may lead to overproduction B. brings about over-dependence of countries on one another C. provides a foreign market for local goods D. brings about unhealthy competition and rivalries Correct Answer: Option C C. provides a foreign market for local goods Explanation...
by Sunday | Nov 8 | Economics WAEC
A. exports of such a country become cheaper B. importation of goods into such a country becomes cheaper C. the value of such a country’s currency rises D. foreign goods are attracted to the country Correct Answer: Option A A. exports of such a country become...
by Sunday | Nov 8 | Economics WAEC
A. size of the population B. income of the consumer C. price of the commodity D. taste and fashion Correct Answer: Option C C. price of the commodity Explanation A movement along a given demand curve caused by a change in demand price. The only factor that can cause a...
by Sunday | Nov 8 | Economics WAEC
A. As total utility increases, the marginal utility also increases B. The marginal utility is always zero whenever the total utility reaches the maximum C. The total utility is at maximum whenever marginal utility is at it’s maximum D. There is no relationship...
by Sunday | Nov 8 | Economics WAEC
A. they are primary producers B. their currencies are overvalued C. they import less machines D. they are tertiary producers Correct Answer: Option A A. they are primary producers