by Sunday | Aug 6 | Economics WAEC
i. A greater opportunity for trade according to comparative cost advantage. ii. A large market industries producing under the condition of decreasing cost. iii. Competition for home-based monopoly firms A. i and ii only B. i and iii only C. ii and iii only D. i,ii and...
by Sunday | Aug 6 | Economics WAEC
A. inflationary gap B. income gap C. unemployment gap D. deflationary gap Correct Answer: Option A – inflationary gap
by Sunday | Aug 6 | Economics WAEC
A. the value of goods and services to Nigeria is greater than the value of those from Nigeria B. consumption is greater than investment C. government expenditures are greater than the foreign aid received D. the value of goods and services produced by Nigeria...
by Sunday | Aug 6 | Economics WAEC
A. gross national product B. net national income C. per capita income D. gross national income Correct Answer: Option C – per capita income
by Sunday | Aug 6 | Economics WAEC
A. the value of all output produced in the country over the relevant period of time at market prices B. the value of output at factors cost C. the value added to the production D. C + I + G Correct Answer: Option D – C + I +...
by Sunday | Aug 6 | Economics WAEC
i. Disincentive of hard work ii. Difficulties in assessment and collection iii. imperfection in the tax assessment. A. i and ii B. i and iii C. ii and iii D. i, ii and iii Correct Answer: Option C – ii and...
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