by Sunday | Jan 2 | Economics WAEC
A. current account transaction B. capital account transaction C. balance of trade account transaction D. invisible balance account transaction Correct Answer: Option B – capital account transaction Explanation Capital account transaction is the net balance of...
by Sunday | Jan 2 | Economics WAEC
A. Increase in export duties B. Increase in excise duties C. Depreciation of currency D. Total ban on imports Correct Answer: Option C – Depreciation of currency Explanation The economic effect is thus, depreciation of currency tends to increase a...
by Sunday | Jan 2 | Economics WAEC
A. make imported goods affordable B. reduce domestic unemployment C. encourage the importation of non-essential goods D. make a country enjoy an absolute advantage in the production of all goods Correct Answer: Option D – make a country enjoy an absolute...
by Sunday | Jan 2 | Economics WAEC
A. scares many people from politics B. prevent politicians from playing effective politics C. discourage entrepreneurs generally D. encourages urban-rural migration Correct Answer: Option C – discourage entrepreneurs generally Explanation Most developing...
by Sunday | Jan 2 | Economics WAEC
A. allocation of resources by the entrepreneurs B. mapping out strategies by the government C. developing some areas of the country by the government D. deciding on which types of homes to build Correct Answer: Option B – mapping out strategies by the government...
by Sunday | Jan 2 | Economics WAEC
A. is borne only by the producer B. is borne only by the consumer C. will have a greater impact on the seller D. will have no impact on the buyer Correct Answer: Option B = is borne only by the consumer Explanation The incidence of tax when demand is perfectly...
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