by Sunday | Mar 28 | Economics WAEC
A. GNP – Depreciation + Indirect taxes + Subsidies B. GNP Depreciation – Indirect taxes + Subsidies C. GNP + Depreciation Indirect taxes – Subsidies D. GNP+ Depreciation- Indirect taxes + Subsidies Correct Answer: Option D = GNP+ Depreciation-...
by Sunday | Mar 28 | Economics WAEC
A. Cement and steel B. Furniture and shirt C. Handkerchief and shoe D. Table and door Correct Answer: Option A – Cement and steel Explanation Intermediate goods are products that are used in the production process to make other goods or further production....
by Sunday | Mar 28 | Economics WAEC
A. replacement of locally produced goods with imported ones B. development of locally produced goods with imported ones C. establishment of firms to process imported raw materials D. act of using local inputs to produce goods for export Correct Answer: Option B...
by Sunday | Mar 28 | Economics WAEC
A. easy access to raw materials B. access to cheap labour C. government policy D. good infrastructure Correct Answer: Option A = easy access to raw materials Explanation In choosing the location of a company involved in the production of iron and steel, the source of...
by Sunday | Mar 28 | Economics WAEC
A. Incidence of pests and diseases B. Unfavourable weather conditions C. Urban-rural migration D. Illiteracy Correct Answer: Option D = Illiteracy
by Sunday | Mar 28 | Economics WAEC
A. output per man-hour B. average Output C. the maximum number of hours Worked D. total output of labour Correct Answer: Option A = output per man-hour Explanation Labour productivity measures the hourly output of a country’s...
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