by Sunday | Aug 3 | Economics WAEC
A. An opportunity cost B. Economies of scale C. A scale of preference D. The making of a choice E. Direct production Correct Answer: Option C – A scale of preference
by Sunday | Aug 3 | Economics WAEC
A. an improvement in capital goods technology but not in consumer goods technology B. a movement from unemployment to full employment C. that the output for the society has declined D. a gain in consumer goods technique and not in capital goods technique Correct...
by Sunday | Aug 3 | Economics WAEC
A. reaching full employment but not full production B. attaining full production but not full employment C. under-capitalized D. attaining both full employment and full production Correct Answer: Option A – reaching full employment but not full...
by Sunday | Aug 3 | Economics WAEC
A. payments for imported cars B. receipts from cocoa exports C. receipts from oil exports D. payments for steel imports E. payments to foreign shipping companies Correct Answer: Option E – payments to foreign shipping companies...
by Sunday | Aug 3 | Economics WAEC
A. manufactured goods involved B. currency differentials C. homogeneity of products D. heterogeneity of products E. uniformity of prices Correct Answer: Option B – currency differentials