by Sunday | Nov 6 | Economics WAEC
A. total revenue declines as the price is lowered B. demand falls as output rises C. demand falls as output falls D. price must be lowered to sell more Correct Answer: Option B Explanation The downward sloping demand curve means a rational consumer will demand more of...
by Sunday | Nov 6 | Economics WAEC
A. the existence of competition B. the very few numbers of participants C. the commitment of the shareholders D. government regulation of their activities Correct Answer: Option A A. the existence of competition Explanation Competition leads to efficiency because...
by Sunday | Nov 6 | Economics WAEC
A. management B. entrepreneur C. production manager D. labour union Correct Answer: Option B B. Entrepreneur Explanation Entrepreneur is a person who sets up a business or businesses, taking on financial risks in the hope of profit. “one who organizes, manages, and...
by Sunday | Nov 6 | Economics WAEC
A. scarcity of resources B. economic development C. inefficiency in the use of resources D. unemployment of labour Correct Answer: Option B B. economic development Explanation In short, the production possibility curve is a curve that shows all possible combinations...
by Sunday | Nov 6 | Economics WAEC
A. resources are mismanaged by leaders B. there is no proper planning C. resources are not inadequate supply D. the services of economist are not employed Correct Answer: Option C C. resources are not inadequate supply Explanation Goods and services that satisfy human...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.