by Sunday | Aug 8 | Economics WAEC
I. the level of technical knowledge II. the quality of other factors III. racial qualities that allow persons from certain races to have good physique and be very active. A. I only B. I and II only C. I and III only D. II and III only E. III only Correct Answer:...
by Sunday | Aug 8 | Economics WAEC
A. portable B. A standard of deferred payment C. relatively stable in value D. generally acceptable E. an easily divisible item Correct Answer: Option B – A standard of deferred payment
by Sunday | Aug 8 | Economics WAEC
A. Sale taxes B. Excise duties C. income and company taxes D. Tariff duties E. Commodity taxes Correct Answer: Option C – Excise duties
by Sunday | Aug 8 | Economics WAEC
A. may lose a maximum of the amount he has invested B. lose nothing C. loses everything including his house D. may have unlimited liability E. will lose the amount he has invested plus a proportion of his bank account Correct Answer: Option A – may lose a...
by Sunday | Aug 8 | Economics WAEC
A. both price and quantity demanded will increase B. only price increases C. both price and quantity demanded will decrease D. the price remains constant E. the price falls Correct Answer: Option A – both price and quantity demanded will...
by Sunday | Aug 8 | Economics WAEC
A. at a price below that received in the home market B. at a price above that received in the home market C. at a price equal to the cost price in the home market D. in order to encourage indigenous producers E. at a price equal to the selling price in the home market...