by Sunday | Aug 7 | Economics WAEC
A. price discrimination B. price control C. perfect market D. equilibrium price E. market structure Correct Answer: Option B – price control
by Sunday | Aug 7 | Economics WAEC
A. monopoly B. oligopoly C. monopsony D. perfect competition E. duopoly Correct Answer: Option D – perfect competition
by Sunday | Aug 7 | Economics WAEC
A. increase government expenditure on the salary of the civil servants B. An increase in the proportion of the productively employed population C. a decrease in the rate of unemployment D. A decrease in the output per worker E. An increase in the population dependency...
by Sunday | Aug 7 | Economics WAEC
A. shift in the supply curve to the right and not to the left B. shift in supply curve to the left and not to the right C. shift in supply curve to the left or to the right D. movement along the supply curve E. decrease in price and quantity supplied Correct Answer:...
by Sunday | Aug 7 | Economics WAEC
A. the middle-income group B. high-income group C. low-income group D. people between the middle and high-income group E. few top rich people Correct Answer: Option C – low-income group
by Sunday | Aug 7 | Economics WAEC
A. absolute cost advantage B. absolute cost disadvantage C. comparative cost disadvantage D. comparative cost advantage E. the availability of labour Correct Answer: Option D – comparative cost advantage
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