by Sunday | Aug 5 | Economics WAEC
A. monetary equivalent of the utility of a commodity B. amount of time or money invested on a commodity C. sacrifice made for the satisfaction of a want D. cost of retaining an optimum level of production of commodities Correct Answer: Option C – sacrifice made...
by Sunday | Aug 5 | Economics WAEC
A. what to produce, how and for whom B. how to produce and sell C. scarcity, when to produce and how D. scarcity, for whom to produce and where Correct Answer: Option A – what to produce, how and for whom
by Sunday | Aug 5 | Economics WAEC
A. Bank loans B. issue of shares C. issue of debentures D. ploughing back profits E. Sales of bonds Correct Answer: Option E – Sales of bonds
by Sunday | Aug 5 | Economics WAEC
A. large number of buyers and sellers B. Homogeneity of products C. Preferential treatment D. Absence of transport cost E. Perfect knowledge of the market situation Correct Answer: Option C – Preferential treatment
by Sunday | Aug 5 | Economics WAEC
A. the value of import in relation to the value of a country’s exports B. the price ratio of imports as against that of exports C. equality in the total receipts and payments of a country in a year D. percentage value of imports over the percentage value of...