by Sunday | Jul 31 | Economics WAEC
A. comparative advantage B. absolute advantage C. distributive cost advantage D. absolute cost advantage Correct Answer: Option A – comparative advantage
by Sunday | Jul 31 | Economics WAEC
A. demand for imports is elastic B. demand for imports is inelastic C. supply of exports is elastic D. demand for exports is inelastic Correct Answer: Option A – demand for imports is elastic
by Sunday | Jul 31 | Economics WAEC
A. traders from one part of the country can move freely to other parts B. customs regulation are harmonized among countries C. a group of countries decide to remove restrictions on imports from one another D. the UNCTAD is in force Correct Answer: Option C – a...
by Sunday | Jul 31 | Economics WAEC
A. supply is inelastic B. demand is inelastic C. supply is perfectly elastic D. demand is perfectly elastic Correct Answer: Option D – demand is perfectly elastic
by Sunday | Jul 31 | Economics WAEC
A. in a given country B. over a long period C. and improved health facilities D. and improved distribution of wealth Correct Answer: Option D – and improved distribution of wealth