by Sunday | Nov 6 | Economics WAEC
A. absolute cost B. comparative cost C. fixed cost D. variable cost Correct Answer: Option B B. comparative cost Explanation The principle of comparative cost states that; international trade takes place between two countries when the ratios of the comparative cost...
by Sunday | Nov 6 | Economics WAEC
A. more private schools are established B. subsidy is provided on petroleum products C. more public goods are provided D. farmers are given guaranteed prices Correct Answer: Option C C. more public goods are provided Explanation Income Redistribution: is an economic...
by Sunday | Nov 6 | Economics WAEC
A. borrowing is discouraged B. customers increase their borrowing C. banks can increase their lending D. money supply increases Correct Answer: Option A A. borrowing is discouraged Explanation When the central bank increases the bank rate, the banks and individuals...
by Sunday | Nov 6 | Economics WAEC
A. labour market B. money market C. commodity market D. capital market Correct Answer: Option D D. capital market Explanation A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold. Capital markets...
by Sunday | Nov 6 | Economics WAEC
A. opportunity cost B. scale of preference C. complementary demand D. double of coincidence of wants Correct Answer: Option D D. double of coincidence of wants Explanation This occurs when two people have goods they are both happy to swap in exchange. i.e. a perfect...
by Sunday | Nov 6 | Economics WAEC
A. a speculative motive B. a transaction motive C. a precautionary motive D. an expansionary motive Correct Answer: Option C C. a precautionary motive Explanation Precautionary Motive. A desire to hold cash in order to be able to deal effectively with unexpected...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.