by Sunday | Aug 7 | Economics WAEC
A. ease of entry B. small capital required C. limited entrepreneur skills needed D. ease of decision making E. tendency to become joint-stock companies Correct Answer: Option E – tendency to become joint-stock...
by Sunday | Aug 7 | Economics WAEC
A. the exchange of goods and services B. the use of barter system C. the production of limited goods D. unemployment E. delay in production Correct Answer: Option A – the exchange of goods and services
by Sunday | Aug 7 | Economics WAEC
A. wholesaler B. distributor C. agent D. consumer E. retailer Correct Answer: Option D – consumer
by Sunday | Aug 7 | Economics WAEC
A. free enterprise B. socialist economy C. mixed economy D. capitalist economy E. welfare company Correct Answer: Option B – socialist economy
by Sunday | Aug 6 | Economics WAEC
A. of consumer’s wants arrange in order of importance B. thaqt helps the individual to make rational choice C. that enables the consumer to make a wise decision about his choice D. that is necessary because human beings are faced with competitive wants E. os all...
by Sunday | Aug 6 | Economics WAEC
A. prime cost B. variable cost C. marginal cost D. fixed cost E. average cost Correct Answer: Option D – fixed cost
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