by Sunday | Aug 8 | Economics WAEC
I. Transaction motive II. Precautionary motive III. Speculative motive IV. Liquidity motive A. I and II only B. I and III only C. I, II and III only D. I, II and IV only E. II, III, and IV only Correct Answer: Option C – I, II and III...
by Sunday | Aug 8 | Economics WAEC
A. how to spend the family income efficiently B. how to find a minimum cost of production C. the interpretation of scarce resource and date D. how scarce resource can be used efficiently E. why resource are scarce Correct Answer: Option D – how scarce resource...
by Sunday | Aug 8 | Economics WAEC
A. Rural areas supply agricultural raw materials B. the pace of development of rural areas will be quicken C. Employment will be for rural inhabitants D. capital is easily available in rural areas E. Rural-urban migration will decrease Correct Answer: Option D –...
by Sunday | Aug 8 | Economics WAEC
A. imports raw materials for the industry B. has a poor soil which is unsuitable for other crops C. is a palm-tree growing area D. government does not engage in the growing of other crops E. has the highest demands for palm oil in Nigeria Correct Answer: Option C...
by Sunday | Aug 8 | Economics WAEC
A. the purchasing power diminishes B. Wages rise simultaneously with prices C. More money runs after a limited quantity of goods D. Fixed income earners lose E. Aggregate real demand exceeds aggregate real supply Correct Answer: Option B – Wages rise...