by Sunday | Aug 8 | Economics WAEC
A. the consumer’s income B. the consumer’s taste C. a change in population size D. a change in weather condition E. the price of commodity Correct Answer: Option E – the price of commodity
by Sunday | Aug 8 | Economics WAEC
A. needs B. wants of the consumer C. all goods demanded in the market D. wants supported with the ability to pay E. all consumers goods Correct Answer: Option D – wants supported with the ability to pay
by Sunday | Aug 8 | Economics WAEC
A. purchases tax B. import duty C. export duty D. excise duty E. poll tax Correct Answer: Option E – poll tax
by Sunday | Aug 8 | Economics WAEC
A. excessive bank lending B. budget deficit C. rising incomes D. shortage supply E. decrease in money supply Correct Answer: Option E – decrease in money supply
by Sunday | Aug 8 | Economics WAEC
I. Transaction motive II. Precautionary motive III. Speculative motive IV. Liquidity motive A. I and II only B. I and III only C. I, II and III only D. I, II and IV only E. II, III, and IV only Correct Answer: Option C – I, II and III...
by Sunday | Aug 8 | Economics WAEC
A. how to spend the family income efficiently B. how to find a minimum cost of production C. the interpretation of scarce resource and date D. how scarce resource can be used efficiently E. why resource are scarce Correct Answer: Option D – how scarce resource...
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