by Sunday | Nov 8 | Economics WAEC
A. Increase wage rate B. labour’s demand for output C. low wage rate D. low marginal productivity Correct Answer: Option C C. low wage rate Explanation Factors that can shift the demand curve for labor include: a change in the quantity demanded of the product...
by Sunday | Nov 8 | Economics WAEC
A. there is a change in the technique of production B. job seekers lack information where jobs exist C. bad weather prevents work from progressing D. job seekers have disabilities Correct Answer: Option B B. job seekers lack information where jobs exist Explanation...
by Sunday | Nov 8 | Economics WAEC
A. excess supply over demand B. increase in productivity C. excessive demand with limited supply D. increased government spending in a depressed economy Correct Answer: Option C C. excessive demand with limited supply Explanation Excessive demand with limited supply:-...
by Sunday | Nov 8 | Economics WAEC
A. perpetual existence B. limited liability C. legal entity D. sales of shares to the public Correct Answer: Option D D. sales of shares to the public Explanation A private limited company is a business entity that is held by private owners. However, private limited...
by Sunday | Nov 8 | Economics WAEC
A. preventing mergers B. indigenization C. privatization D. imposing high-profit tax Correct Answer: Option A A. preventing mergers Explanation Monopoly can be prevented through the following ways 1. By regulation through taxation:- The Govt. can regulate monopoly...
by Sunday | Nov 8 | Economics WAEC
A. co-operative society B. sole trader C. partnership D. joint-stock company Correct Answer: Option D D. joint-stock company Explanation A joint-stock company is a company whose stock is owned jointly by the shareholders. A joint-stock company is a business entity in...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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