by Sunday | Jan 8 | Economics WAEC
A. a firm’s individual policies B. localization of industry C. government economic policy D. free transferability of shares Correct Answer: Option B B. localization of industry Explanation External economies are the benefits a firm derives from concentration or...
by Sunday | Jan 8 | Economics WAEC
A. division of labour B. employment trends C. relative costs and benefits D. immobility of skilled labour Correct Answer: Option C C. relative costs and benefits Explanation Location of the industry is the sitting of a firm in a particular area. The benefits a firm...
by Sunday | Jan 8 | Economics WAEC
A. bound to increase from year to year B. accumulated as a result of past capital investment C. the responsibility of the treasury D. not covered by any real asset Correct Answer: Option D D. not covered by any real asset Explanation Dead weight is a debt that is...
by Sunday | Jan 8 | Economics WAEC
A. suspend the member state indefinitely B. ban all exports from that state C. suspend dealings in that currency for one year D. ration it among the countries demanding it Correct Answer: Option D D. ration it among the countries demanding it Explanation The clause...
by Sunday | Jan 8 | Economics WAEC
A. the main source of government B. management of spillage and pollution C. protection to the local operators in the petroleum industry D. decrease in the rate of inflation Correct Answer: Option A A. the main source of government Explanation The oil booms caused the...