by Sunday | May 23 | Economics WAEC
A. demand and supply B. cost of production C. production possibility curve D. scarcity of resources Correct Answer: Option D D. scarcity of resources
by Sunday | May 23 | Economics WAEC
A. social cost B. real cost C. fixed cost D. variable cost Correct Answer: Option B B. real cost
by Sunday | May 23 | Economics WAEC
A. large population size of the world B. scarcity of resources C. opportunity cost of goods and services D. needs to satisfy every desire of man Correct Answer: Option B B. scarcity of resources
by Sunday | Jan 8 | Economics WAEC
A. Value B. Index C. Price Level D. Wages Correct Answer: Option C C. Price Level Explanation The purchasing power of money depends upon the price level when the price level rises, the purchasing power of money gets reduced, thus adversely affecting the real wages of...
by Sunday | Jan 8 | Economics WAEC
A. Bulk B. Large C. Units D. Chain Correct Answer: Option C C. Units Explanation A retailer is a trader who buys goods in small quantities from the wholesaler and sells in bits or units to the final consumer.