by Sunday | Aug 8 | Economics WAEC
A. Can control both output and price B. Can only break-even C. Can control either the output or the price, but not both D. Can’t control anything E. Exploit the consumer Correct Answer: Option C – Can control either the output or the price, but not...
by Sunday | Aug 8 | Economics WAEC
A. Interest B. Return C. Dividend D. Rent E. Allowance Correct Answer: Option A – Interest
by Sunday | Aug 8 | Economics WAEC
A. Many firms producing different products B. A firm or firms producing similar goods and services C. Different firms producing different goods D. Different firms producing equal number of similar goods and services E. Many firms producing unidentical goods and...
by Sunday | Aug 8 | Economics WAEC
A. Tax exemption B. Provision of financial institution C. Provision of infrastructural facilities D. Limitation of markets for industrial products E. Government direct participation Correct Answer: Option D – Limitation of markets for industrial...
by Sunday | Aug 8 | Economics WAEC
A. Has no monetary connection B. Implies a sustained decrease in the general price level C. Always increase the value of national currency D. Tends to redistribute income arbitrarily E. Tends to bring down market prices Correct Answer: Option D – Tends to...
by Sunday | Aug 8 | Economics WAEC
A. form of money B. means of exchange authorized by the state C. commodity generally acceptable as a medium of exchange D. total productivity of labour E. amount of goods and services that the wage can fetch Correct Answer: Option C – commodity generally...
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