by Sunday | Aug 6 | Economics WAEC
A. demand for imports is price inelastic B. demand for imports is neutral C. production for export is low D. demand for exports is price elastic Correct Answer: Option D – demand for exports is price elastic
by Sunday | Aug 6 | Economics WAEC
A. with the highest opportunity cost B. for which output per worker is lower than in other countries C. with the lowest opportunity cost D. for which output per worker is the same with those of other countries Correct Answer: Option C – with the lowest...
by Sunday | Aug 6 | Economics WAEC
i. A greater opportunity for trade according to comparative cost advantage. ii. A large market industries producing under the condition of decreasing cost. iii. Competition for home-based monopoly firms A. i and ii only B. i and iii only C. ii and iii only D. i,ii and...
by Sunday | Aug 6 | Economics WAEC
A. inflationary gap B. income gap C. unemployment gap D. deflationary gap Correct Answer: Option A – inflationary gap
by Sunday | Aug 6 | Economics WAEC
A. the value of goods and services to Nigeria is greater than the value of those from Nigeria B. consumption is greater than investment C. government expenditures are greater than the foreign aid received D. the value of goods and services produced by Nigeria...