by Sunday | Aug 3 | Economics WAEC
A. socialist economy B. capitalist economy C. mixed economy D. political economy E. feudal economy Correct Answer: Option A – socialist economy
by Sunday | Aug 3 | Economics WAEC
A. development planning B. strategic planning C. capital budgeting D. price system Correct Answer: Option D – price system
by Sunday | Aug 3 | Economics WAEC
A. A decrease in supply will lead to fall in price and a fall in the quantity bought and sold B. An increase in demand will lead to a fall in price and quantity bought and sold C. A decrease in demand will lead to a rise in price and in the quantity bought and sold D....
by Sunday | Aug 3 | Economics WAEC
A. A movement along the demand curve B. deflation of the demand curve C. hyperbola formation by the demand curve D. shift of the demand curve Correct Answer: Option D – shift of the demand curve
by Sunday | Aug 3 | Economics WAEC
A. a fixed cost B. an implicit cost C. a variable cost D. a prime cost Correct Answer: Option B – an implicit cost