by Sunday | Nov 8 | Economics WAEC
A. Cyclical increase in prices B. Periodic increase in prices C. Persistent increase in prices D. Occasional increase in prices Correct Answer: Option C C. Persistent increase in prices Explanation Inflation is a persistent increase in the prices of goods and services...
by Sunday | Nov 8 | Economics WAEC
A. inadequate information B. trade fluctuations C. structural changes D. seasonal changes Correct Answer: Option B B. trade fluctuations Explanation Cyclical unemployment is unemployment that results when the overall demand for goods and services in an economy cannot...
by Sunday | Nov 8 | Economics WAEC
A. High rate of inflation B. increase in the value of money C. Increase in import D. High rate of subsistence production Correct Answer: Option D D. High rate of subsistence production Explanation ‘Nominal’ value of national income can be found by...
by Sunday | Nov 8 | Economics WAEC
A. 1 % B. 7.5% C. 12.5% D. 20% Correct Answer: Option C C. 12.5%
by Sunday | Nov 8 | Economics WAEC
A. homogeneous B. durable C. easily recognized D. stable in value Correct Answer: Option D D. stable in value Explanation Standard of deferred payment is a function of money:- It is the function of being a widely accepted way to value a debt, thereby allowing goods...
by Sunday | Nov 8 | Economics WAEC
A. Consumers’ co-operative societies B. marketing co-operative societies C. Credit and thrift co-operative societies D. Producers’ co-operative societies Correct Answer: Option B B. marketing co-operative societies Explanation Marketing Co-operatives: They...