by Sunday | Aug 5 | Economics WAEC
A. every adult is employed B. all adults who can work are employed C. all persons who have attained the age of 15 years and above are employed D. only the disabled are not employed E. all those who are able and eligible to work are employed Correct Answer: Option E...
by Sunday | Aug 5 | Economics WAEC
A. medium of exchange B. stores of value C. measures of value D. unit of account E. standard for deferred payment Correct Answer: Option B – stores of value
by Sunday | Aug 5 | Economics WAEC
A. containing the maximum output from available resources at the lowest possible cost B. conserving our petroleum resources C. equity in the distribution of the nation’s wealth D. production without waste E. the limited wants unlimited resources dilemma Correct...
by Sunday | Aug 5 | Economics WAEC
A. a solar energy distribution B. organized in a perfectly competitive market C. a duopoly D. a monopolistically competitive industry E. a monopoly Correct Answer: Option E – a monopoly
by Sunday | Aug 5 | Economics WAEC
A. Adam Smith B. David Ricardo C. Lionel Robbins D. Thomas R. Mtithus E. Robert Giffen Correct Answer: Option C – Lionel Robbins
by Sunday | Aug 5 | Economics WAEC
A. the seriousness of the country’s economic problems B. its balance of payments position C. its quota to the fund D. the size of gold reserve Correct Answer: Option C – its quota to the fund