by Sunday | Aug 7 | Economics WAEC
A. The study of buying and selling B. The organization of industries and markets C. The study of human behaviour in the allocation of scarce resources D. National development, planning, and budgeting E. The study of market forces as they affected human behaviour...
by Sunday | Aug 7 | Economics WAEC
A. Scarcity B. Durability C. Divisibility D. Homogeneity E. Mobility Correct Answer: Option E – Mobility
by Sunday | Aug 7 | Economics WAEC
A. excess demand B. excess supply C. shortage in the market D. many buyers in the market E. no buyer in the market Correct Answer: Option B – excess supply
by Sunday | Aug 7 | Economics WAEC
A. create human wants B. satisfy all human wants C. redistribute income so that it is used correctly D. create perfect competition E. allocate scarce resources to satisfy human wants Correct Answer: Option E – allocate scarce resources to satisfy human wants...
by Sunday | Aug 7 | Economics WAEC
A. money cost B. cost of production C. real cost D. variable cost E. fixed cost Correct Answer: Option C – real cost