by Sunday | Aug 7 | Economics WAEC
A. decrease B. increase C. remain constant D. fluctuate E. be inelastic Correct Answer: Option B – increase
by Sunday | Aug 7 | Economics WAEC
A. total number of people in the market B. total demand for the commodity C. quantity of the commodity supplied D. interaction of demand and supply E. law of demand Correct Answer: Option D – interaction of demand and...
by Sunday | Aug 7 | Economics WAEC
A. rate of increase in a country’s full employment and real output B. rate of increase in a nation’s total population C. rate of increase in inflation D. rate of decrease in inflation E. growth in the birth rate Correct Answer: Option A – rate of...
by Sunday | Aug 7 | Economics WAEC
A. deflation B. stable prices C. recession D. inflation E. harvest Correct Answer: Option D – inflation
by Sunday | Aug 7 | Economics WAEC
A. has attained full employment but not a full production B. has attained full production but not full employment C. is using its resources inefficiently D. has attained both full employment and full production E. has a lower output level than it should have Correct...