by Sunday | Aug 6 | Economics WAEC
A. it enables us to carry out task which can not be done by human effort only B. most tasks can be done with bare hands C. people can work without capital D. without capital all the factors are useless E. it provides money which is essential for the growth of business...
by Sunday | Aug 6 | Economics WAEC
A. it enables us to build industries B. we build houses on it C. all our highways are constructed on it D. we get a lot of fishes from it E. vital resources from it enrich the economy Correct Answer: Option E – vital resources from it enrich the...
by Sunday | Aug 6 | Economics WAEC
A. money lenders B. inheritance C. loans from insurance companies D. loans from banks E. Sales of shares Correct Answer: Option E – Sales of shares
by Sunday | Aug 6 | Economics WAEC
A. Demand will equal supply B. Demand will be greater than supply C. Supply will be greater than demand D. Price will become indeterminate E. Quantity supplied will be zero Correct Answer: Option B – Demand will be greater than...
by Sunday | Aug 6 | Economics WAEC
A. equate marginal revenue with marginal cost B. provide employment opportunities C. equate total revenue with total cost D. equate average revenue with average cost E. accumulate wealth for the nation Correct Answer: Option A – equate marginal revenue with...
by Sunday | Aug 6 | Economics WAEC
A. the market price of commodities B. a market where a single price rules C. a system of price allocation to the products of the same firm D. a system of resource allocation through supply and demand interaction E. a system which the market price is determined only...
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