by Sunday | Aug 9 | Economics WAEC
A. Desire to spend more income on consumption B. Change in consumption as a percentage of change in income C. Average regularly spend on consumption D. Total expenditure on consumption E. Inclination to spend only a little on consumption Correct Answer: Option B...
by Sunday | Aug 9 | Economics WAEC
A. Needs of an area B. Size of the population of an area C. Number of industries and land areas D. Revenue derivable from an area E. Development needs of the country Correct Answer: Option C – Number of industries and land...
by Sunday | Aug 9 | Economics WAEC
A. Monetary policy B. Budgetary policy C. Fiscal policy D. Internal policy E. Development policy Correct Answer: Option C – Fiscal policy
by Sunday | Aug 9 | Economics WAEC
A. Rubber, Groundnuts, Beniseed, cotton. B. Shear butter, Sorghum, Onions. C. Rubber, Cocoa, Coffee, Palm Kernel D. Palm Oil, Palm Kernel, Sugarcane E. Soya beans, Rice, Groundnut, and Cashew nut. Correct Answer: Option C – Rubber, Cocoa, Coffee, Palm...
by Sunday | Aug 9 | Economics WAEC
A. The producer B. The government C. The retailer D. The consumer E. The wholesaler Correct Answer: Option D – The consumer
by Sunday | Aug 9 | Economics WAEC
A. Industries are scattered all around B. A firm decides to expand C. Industries are producing below capacity D. Firms compromising an industry are concentrated in one area E. A firm is located near raw materials Correct Answer: Option D – Firms compromising an...
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