by Sunday | Aug 5 | Economics WAEC
A. explicit cost B. implicit cost C. prime cost D. average cost Correct Answer: Option A – implicit cost
by Sunday | Aug 5 | Economics WAEC
A. fixed B. semi-fixed C. variable D. semi-variable Correct Answer: Option C – variable
by Sunday | Aug 5 | Economics WAEC
A. zero and decreasing B. decreasing and zero C. negative and decreasing D. both at their maximum Correct Answer: Option A – zero and decreasing
by Sunday | Aug 5 | Economics WAEC
A. restricting the productive base of the economy B. adopting capital-intensive techniques of production C. adopting labour-intensive techniques of production D. adopting a mixture of labour and capital-intensive techniques of production Correct Answer: Option C...
by Sunday | Aug 5 | Economics WAEC
A. it is desirable to have a large population B. it is necessary to have an improved technology to sustain the population C. it is desirable to have a smaller population D. the available resources are inadequate to sustain the population Correct Answer: Option A...
by Sunday | Aug 5 | Economics WAEC
A. solving inflation problem B. providing a sound framework for policy formulation C. stimulating economic activities in the national economy D. solving the unemployment problem Correct Answer: Option B – providing a sound framework for policy...