by Sunday | Aug 5 | Economics WAEC
A. more of another product will be consumed B. less of something else will be consumed C. no other product will be consumed D. decision-making is basic in economics E. enough resources are available Correct Answer: Option B – less of something else will be...
by Sunday | Aug 5 | Economics WAEC
A. consumer goods B. products C. wealth D. commercial goods E. durable goods Correct Answer: Option C – wealth
by Sunday | Aug 5 | Economics WAEC
A. the demand for semovita is high B. the local markets are flooded with semovita C. semovita is produced in Nigeria D. every household can afford to buy semovita E. the higher the price of semovita, the lower the quantity demanded Correct Answer: Option E – the...
by Sunday | Aug 5 | Economics WAEC
A. have a rich culture heritage B. produce only raw materials C. live on the exportation of their raw products D. produce one main commodity E. specialize in agricultural industries Correct Answer: Option D – produce one main...
by Sunday | Aug 5 | Economics WAEC
A. wholesalers and agents B. Retailers and consumers C. Consumers and agents D. Wholesalers and retailers E. Wholesalers and consumers Correct Answer: Option D – Wholesalers and retailers
by Sunday | Aug 5 | Economics WAEC
A. Mode and Median B. mean and median C. Mean and mode D. Median and percentage E. Mode, mean and median Correct Answer: Option D – Median and percentage