by Sunday | Aug 8 | Economics WAEC
A. The law of comparative advantage was propounded by David Ricardo B. The law stresses the importance of relative efficiency C. In order to specialize, a country must have absolute advantage D. The law is based on opportunity cost principle E. The principle if...
by Sunday | Aug 8 | Economics WAEC
A. Terms of trade shows the difference between the values of export and imports B. Terms of trade indicate the rate at which exports exchange for imports C. It is the ratio of price index of exports to imports D. It is usually expressed as percentage E. A rise in the...
by Sunday | Aug 8 | Economics WAEC
A. Money at call and short notice B. Treasury Bills C. Commercial Bills D. Stock and Shares E. Cash Correct Answer: Option E – Cash
by Sunday | Aug 8 | Economics WAEC
A. Increase in population cause hunger and death B. The population increase faster than food supply C. The population grows at arithmetic progression while food production grows at geometric progression D. People could be sent to ‘No man’s land’ when the population...
by Sunday | Aug 8 | Economics WAEC
A. Gives loans to member s for legal proceedings B. Offer grants and aids for defense C. Enhances financial relationship among countries D. Offer soft loans for educational and health services E. Offer grants and aid to finance private projects Correct Answer: Option...
by Sunday | Aug 8 | Economics WAEC
A. The Sole Proprietor provides the capital to start the business B. The Sole Proprietor is the boss of his business C. There is unlimited liability D. Continuity is doubtful at the death of the proprietor E. Decision can be taken only by ten people Correct Answer:...
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