by Sunday | Aug 7 | Economics WAEC
A. rate of increase in a country’s full employment and real output B. rate of increase in a nation’s total population C. rate of increase in inflation D. rate of decrease in inflation E. growth in the birth rate Correct Answer: Option A – rate of...
by Sunday | Aug 7 | Economics WAEC
A. deflation B. stable prices C. recession D. inflation E. harvest Correct Answer: Option D – inflation
by Sunday | Aug 7 | Economics WAEC
A. has attained full employment but not a full production B. has attained full production but not full employment C. is using its resources inefficiently D. has attained both full employment and full production E. has a lower output level than it should have Correct...
by Sunday | Aug 7 | Economics WAEC
A. The study of buying and selling B. The organization of industries and markets C. The study of human behaviour in the allocation of scarce resources D. National development, planning, and budgeting E. The study of market forces as they affected human behaviour...
by Sunday | Aug 7 | Economics WAEC
A. Scarcity B. Durability C. Divisibility D. Homogeneity E. Mobility Correct Answer: Option E – Mobility
by Sunday | Aug 7 | Economics WAEC
A. excess demand B. excess supply C. shortage in the market D. many buyers in the market E. no buyer in the market Correct Answer: Option B – excess supply