by Sunday | Aug 5 | Economics WAEC
A. men and women acting in their own best interest B. the government acting in the interest of the country C. the market women, the labour unions and the employers association D. private individuals, organization and the government Correct Answer: Option D –...
by Sunday | Aug 5 | Economics WAEC
A. human wants are insatiable B. consumers like to maximize satisfaction C. resources are abundant D. consumers are selective Correct Answer: Option A – human wants are insatiable
by Sunday | Aug 5 | Economics WAEC
A. Make Nigerians dominate their economy B. increase Nigerians participation in the economy C. prevent foreign monopoly of the economy D. eliminate foreign participation in the Nigerian economy E. protect the national interest and security Correct Answer: Option D...
by Sunday | Aug 5 | Economics WAEC
A. relationship between ends and means in the economic system B. allocation of income to various members of the household C. flow of goods, services and money among the various micro-sectors of the economy D. micro-economic relationships in economic analysis Correct...
by Sunday | Aug 5 | Economics WAEC
A. monetary equivalent of the utility of a commodity B. amount of time or money invested on a commodity C. sacrifice made for the satisfaction of a want D. cost of retaining an optimum level of production of commodities Correct Answer: Option C – sacrifice made...
by Sunday | Aug 5 | Economics WAEC
A. what to produce, how and for whom B. how to produce and sell C. scarcity, when to produce and how D. scarcity, for whom to produce and where Correct Answer: Option A – what to produce, how and for whom