by Sunday | Nov 7 | Economics WAEC
A. social attitude to work B. education and training C. working conditions of workers D. total population Correct Answer: Option D D. total population Explanation Some of the factors affecting the efficiency of labour – Personal Qualities of Labourers –...
by Sunday | Nov 7 | Economics WAEC
A. increase in the number of young people B. increase in the number of old people C. decrease in the dependent population D. decrease in the life expectancy Correct Answer: Option A A. increase in the number of young people Explanation A growing population is...
by Sunday | Nov 7 | Economics WAEC
A. rising, marginal utility is rising B. falling, marginal utility is negative C. maximum, marginal utility is maximum D. falling, marginal utility is rising Correct Answer: Option B B. falling, marginal utility is negative Explanation The following are the various...
by Sunday | Nov 7 | Economics WAEC
A. frictional unemployment B. structural unemployment C. cyclical unemployment D. residual unemployment Correct Answer: Option D D. residual unemployment Explanation Residual unemployment; the unemployment that remains in periods of full employment, as a result of...
by Sunday | Nov 7 | Economics WAEC
A. Improving roads networks B. provision of adequate storage facilities C. instituting price control D. formation of producers’ co-operative societies Correct Answer: Option C C. instituting price control Explanation Instituting price control can affect the...
by Sunday | Nov 7 | Economics WAEC
A. privatising the existing business owned by the state B. commercializing state-owned businesses C. reducing foreign economic domination D. making the indigenes managing directors of businesses Correct Answer: Option C C. reducing foreign economic domination...