by Sunday | Aug 5 | Economics WAEC
A. socialist economy B. capitalist economy C. subsistence economy D. mixed economy Correct Answer: Option A – socialist economy
by Sunday | Aug 5 | Economics WAEC
A. distribute resources equally among competing ends B. ensure efficient allocation of resources in the economic system C. allocate goods and services equally D. minimize cheating Correct Answer: Option B – ensure efficient allocation of resources in the...
by Sunday | Aug 5 | Economics WAEC
It is impossible to satisfy all human wants because? A. areas of fertile land are very limited B. oceans and seas limit land space for farming C. resources are not equitably distributed D. available resources are limited Correct Answer: Option D – available...
by Sunday | Aug 5 | Economics WAEC
A. the productive capacity is being fully utilized B. the productive capacity is not being fully utilized C. too little of consumer goods is being produced D. there is a disequilibrium between the production of capital and consumer goods Correct Answer: Option B...
by Sunday | Aug 5 | Economics WAEC
A. I B. J C. K D. L Correct Answer: Option B – J