by Sunday | Aug 3 | Economics WAEC
A. from below at its lowest point B. from above at its lowest point C. from below before the lowest point D. at the zero point E. from below after the lower point Correct Answer: Option A – from below at its lowest...
by Sunday | Aug 3 | Economics WAEC
A. an increase in the demand for the commodity B. a decrease in the demand for the commodity C. a further increase in the price of the commodity D. reduction in the number of distributors of the commodity E. a general increase in the cost of the production Correct...
by Sunday | Aug 3 | Economics WAEC
A. Overhead cost plus variable cost resulting from production B. the average cost of producing more units of the products C. The extra cost of producing more units of products D. Overhead cost minus variable cost E. The addition to total cost resulting from the...
by Sunday | Aug 3 | Economics WAEC
A. an increase in bank deposits B. the establishment of specialized banks C. the non-availability of collateral security D. the use of cheques for all transactions of the banks E. abolishing the reverse ratio Correct Answer: Option C – the non-availability of...
by Sunday | Aug 3 | Economics WAEC
A. producer B. level of expected profit C. price D. Government E. preference of consumers Correct Answer: Option D – Government
by Sunday | Aug 3 | Economics WAEC
A. manufacturing of goods B. the creation of utilities C. giving birth to children D. the distribution of goods and services E. using labour in creating something Correct Answer: Option B – the creation of utilities