by Sunday | Aug 9 | Economics WAEC
A. Fairly elastic B. Perfectly inelastic C. Fairly inelastic D. Unitary elastic E. Perfectly elastic Correct Answer: Option B – Perfectly inelastic
by Sunday | Aug 9 | Economics WAEC
A. Exploiting B. Exploring C. Refining D. Marketing E. Exporting Correct Answer: Option D – Marketing
by Sunday | Aug 9 | Economics WAEC
A. Building roads and bridges B. Supply of electricity C. Building of damns D. Building of habours E. Payment of interest on loans Correct Answer: Option E – Payment of interest on loans
by Sunday | Aug 9 | Economics WAEC
A. Person who is to be paid the sum of money as written on the cheque B. Person who takes the cheque to the bank C. Bank on which the cheque is drawn D. Person who writes out the cheque E. Bank official who certifies the payment Correct Answer: Option D – Person...
by Sunday | Aug 9 | Economics WAEC
A. Transportation by land, water and air is involved B. Goods are exchanged C. Services are exchanged D. The same currency is used as the medium of exchange E. Specialization and increased consumption is encouraged Correct Answer: Option D – The same currency is...
by Sunday | Aug 9 | Economics WAEC
A. Effective management B. Limited size of the market C. Availability of funds D. Increased profit prospects E. Increasing returns to scale Correct Answer: Option B – Limited size of the market