by Sunday | Aug 6 | Economics WAEC
A. choose between alternatives, given limited resources B. regulate the money that is in circulation in a country C. be prudent in the use of available resources D. improve the standard of living of the society at large E. arrange our needs in order of usefulness...
by Sunday | Aug 6 | Economics WAEC
A. gives loans to member countries for legal proceedings B. offers grants and aid for defense C. offers loans to member countries for socio-economics activities D. offers grants and aid to finance luxury projects Correct Answer: Option C – offers loans to member...
by Sunday | Aug 6 | Economics WAEC
A. prevent foreign goods B. discourage exports C. encourage exports D. increase the level of external dependency Correct Answer: Option A – prevent foreign goods
by Sunday | Aug 6 | Economics WAEC
A. IMF B. World Bank C. ADB D. EEC Correct Answer: Option D – EEC
by Sunday | Aug 6 | Economics WAEC
A. demand for imports is price inelastic B. demand for imports is neutral C. production for export is low D. demand for exports is price elastic Correct Answer: Option D – demand for exports is price elastic
by Sunday | Aug 6 | Economics WAEC
A. with the highest opportunity cost B. for which output per worker is lower than in other countries C. with the lowest opportunity cost D. for which output per worker is the same with those of other countries Correct Answer: Option C – with the lowest...