by Sunday | Aug 6 | Economics WAEC
A. that is too bad for consumption B. whose price is lower than the price of other goods C. that is easily perishable D. whose demands fall when the income of its consumer increases E. that is not durable Correct Answer: Option D – whose demands fall when the...
by Sunday | Aug 6 | Economics WAEC
A. wages B. profit C. rent D. dividends E. interest Correct Answer: Option A – wages
by Sunday | Aug 6 | Economics WAEC
A. goods and services available to consumers B. goods available to the market at a given price and at a given period C. available the goods and services which consumers require D. create goods E. import goods Correct Answer: Option B – goods available to the...
by Sunday | Aug 6 | Economics WAEC
A. make maximum profit B. provide jobs for the people C. provide welfare service for the people D. show that the government can do business E. compete with private enterprises Correct Answer: Option C – provide welfare service for the...
by Sunday | Aug 6 | Economics WAEC
A. the cost of the alternative that has to be sacrificed for it B. the alternative that has to be forgone in order to purchase it C. its market price D. the alternative cost involved when the opportunity of buying the commodity is missed E. the sacrifice that is made...
by Sunday | Aug 6 | Economics WAEC
A. the resources available are adequate B. individuals have limited time C. resources are limited in supply D. human beings have limited wants E. individual wants are equal to the resources available Correct Answer: Option C – resources are limited in...
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