by Sunday | Aug 7 | Economics WAEC
A. foreign demand is inelastic B. the price of the crops will rise C. of domestic currency depreciation D. of export duties Correct Answer: Option A – foreign demand is inelastic
by Sunday | Aug 7 | Economics WAEC
A. reduce public expenditure B. encourage efficiency in the performance of such enterprises C. reduce the number of public enterprises D. raise the prices of goods and services produced by the enterprises Correct Answer: Option B – encourage efficiency in the...
by Sunday | Aug 7 | Economics WAEC
A. limited liability B. lack of technical know-how C. low-profit margin D. inadequate capital Correct Answer: Option D – inadequate capital
by Sunday | Aug 7 | Economics WAEC
A. grant credit to the wholesaler B. break-bulk and sell products in small units C. reduce the cost of distribution D. generate demand for products through advertisement Correct Answer: Option B – break-bulk and sell products in small...
by Sunday | Aug 7 | Economics WAEC
A. pure competition only B. pure monopoly only C. monopolistic competition only D. any type of market Correct Answer: Option A – pure competition only