by Sunday | Aug 3 | Economics WAEC
A. non-availability of commodities B. production of inferior goods C. increase in the supply of goods D. decrease in the supply of goods E. artificial scarcity of goods Correct Answer: Option E – artificial scarcity of...
by Sunday | Aug 3 | Economics WAEC
A. MC is rising B. MC curves cut AC curves from below C. MR>AR D. MC = AC E. MR = AR Correct Answer: Option C – MR>AR
by Sunday | Aug 3 | Economics WAEC
A. military conquest B. increased money supply C. inflation D. economic growth E. massive importation Correct Answer: Option D – economic growth
by Sunday | Aug 3 | Economics WAEC
A. medium and long term loans B. open current accounts for their customers C. discount bills of exchange D. are lenders of last resort E. carry out open market operations Correct Answer: Option A – medium and long term...
by Sunday | Aug 3 | Economics WAEC
A. bank notes B. demand deposits C. coins D. currency E. bank sellers Correct Answer: Option E – bank sellers