by Sunday | Nov 6 | Economics WAEC
A. iron rod B. wildlife C. solar energy D. gold Correct Answer: Option C C. solar energy Explanation A natural resource is what people can use which comes from the natural environment. Examples of natural resources are air, water, wood, oil, wind energy, natural gas,...
by Sunday | Nov 6 | Economics WAEC
A. population B. employment C. money D. demand for imports Correct Answer: Option B B. employment Explanation The extraction of crude oil in a country will lead to a correspondent increase in the manpower/labour...
by Sunday | Nov 6 | Economics WAEC
A. under-employed B. unemployed C. fully employed D. technically unemployed Correct Answer: Option A A. under-employed Explanation Under-employed is the condition in which people in a labor force are employed at less than full-time or regular jobs or at jobs...
by Sunday | Nov 6 | Economics WAEC
A. granting long-term loans B. assisting with technical expertise C. reducing tariff among members D. developing human resource Correct Answer: Option C C. reducing tariff among members Explanation The International Bank for reconstruction and development (IBRD), now...
by Sunday | Nov 6 | Economics WAEC
A. custom union B. free trade area C. common market D. economic community Correct Answer: Option D D. economic community Explanation An economic community can be understood as an economic and/or political alliance that is specifically designed to foster trade and...
by Sunday | Nov 6 | Economics WAEC
A. prices of goods become stable B. countries become self-sufficient C. goods consumed are produced at a very high cost D. it makes possible the consumption of a variety of goods Correct Answer: Option D D. it makes possible the consumption of a variety of goods...