by Sunday | Aug 7 | Economics WAEC
A. create human wants B. satisfy all human wants C. redistribute income so that it is used correctly D. create perfect competition E. allocate scarce resources to satisfy human wants Correct Answer: Option E – allocate scarce resources to satisfy human wants...
by Sunday | Aug 7 | Economics WAEC
A. money cost B. cost of production C. real cost D. variable cost E. fixed cost Correct Answer: Option C – real cost
by Sunday | Aug 7 | Economics WAEC
A. a period of production B. hoarding of goods C. monopolization of existing supply of resources D. period of famine E. resources being limited Correct Answer: Option E – resources being limited
by Sunday | Aug 7 | Economics WAEC
A. deals with an aspect of human behaviour B. provides people with the commodity they want C. deals with limited resources which have alternative uses D. deals with the production of goods for present and future consumption E. is related to how choice is made Correct...
by Sunday | Aug 7 | Economics WAEC
A. monocultural dependency B. trade creation C. trade inversion D. economic independency Correct Answer: Option C – trade inversion
by Sunday | Aug 7 | Economics WAEC
A. World Bank B. International Monetary Fund C. African Development Bank D. Economic Commission for Africa Correct Answer: Option C – African Development Bank
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