by Sunday | Nov 6 | Economics WAEC
A. structural unemployment B. disguised unemployment C. residual unemployment D. frictional unemployment Correct Answer: Option A A. structural unemployment Explanation Structural unemployment is a form of involuntary unemployment caused by a mismatch between the...
by Sunday | Nov 6 | Economics WAEC
A. partnership B. private company C. public limited company D. public corporation Correct Answer: Option C C. public limited company Explanation A state-owned enterprise (SOE) is a business enterprise where the government or state has significant control through full,...
by Sunday | Nov 6 | Economics WAEC
A. labour force B. supply of labour C. demand of labour D. occupational demand for labour Correct Answer: Option A A. labour force Explanation The labor force is defined simply as the people who are willing and able to work. The size of the labor force is used to...
by Sunday | Nov 6 | Economics WAEC
A. private firm B. public company C. statutory company D. limited partnership Correct Answer: Option B B. public company Explanation An equity share, commonly referred to as ordinary share also represents the form of fractional or part ownership in which a...
by Sunday | Nov 6 | Economics WAEC
A. his average revenue curve is horizontal B. He determines both price and output C. his demand and marginal revenue curve are the same D. he determines either price or output Correct Answer: Option B B. He determines both price and output Explanation Monopoly refers...
by Sunday | Nov 6 | Economics WAEC
A. total profit B. total revenue C. total cost D. average revenue Correct Answer: Option B B. total revenue Explanation Total revenue in economics refers to the total receipts/ income from sales of a given quantity of goods or services. It is the total income of a...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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