by Sunday | Nov 7 | Economics WAEC
A. dividends B. rent C. pensions D. interest Correct Answer: Option C C. pensions Explanation Examples of transfer payments include welfare, financial aid, social security, and government making subsidies for certain...
by Sunday | Nov 7 | Economics WAEC
A. extent of the division of labour B. external economies C. internal economies D. nearness to financial institution Correct Answer: Option B B. external economies Explanation External economies of scale imply that as the size of industry grows larger or more...
by Sunday | Nov 7 | Economics WAEC
A. consumers cooperative society B. producers cooperative society C. sales agents D. large scale producers Correct Answer: Option A A. consumers cooperative society Explanation Consumers Cooperative Society is an autonomous association of consumers united voluntarily...
by Sunday | Nov 7 | Economics WAEC
A. peasant farming B. plantation agriculture C. commercial farming D. subsistent farming Correct Answer: Option D D. subsistent farming Explanation Subsistence agriculture occurs when farmers grow food crops to feed themselves and their families. In subsistence...
by Sunday | Nov 7 | Economics WAEC
A. a ready market B. power station C. the source of finance D. the raw material Correct Answer: Option D D. the raw material
by Sunday | Nov 7 | Economics WAEC
A. decrease in crime rate B. increase in the food supply C. decrease in the standard of living D. decrease in the cost of living Correct Answer: Option C C. decrease in the standard of living Explanation A high population means More problems with the distribution of...