by Sunday | Jan 8 | Economics WAEC
A. planning B. per capita income C. rich people D. labour face Correct Answer: Option B B. per capita income Explanation Poverty refers to the low level of per capital income of a country when the average income of the people in a country is low there will be high...
by Sunday | Jan 8 | Economics WAEC
A. by the government B. by the treasury C. by the rate payers D. by the taxpayers Correct Answer: Option D D. by the taxpayers Explanation Public corporations also known as statutory corporations or public enterprise risks of the business are borne by the government...
by Sunday | Jan 8 | Economics WAEC
A. provision of employment B. lack of preservation and storage facilities C. land tenure system D. poor transportation systems Correct Answer: Option A A. provision of employment Explanation Provision or providing productive employment is not a problem of...
by Sunday | Jan 7 | Economics WAEC
A. buyer B. seller C. government D. local authority Correct Answer: Option B B. seller Explanation The seller or producer will bear the whole burden of taxation. Any attempt to increase price will make the demand for the commodity to fall to...
by Sunday | Jan 7 | Economics WAEC
A. Government B. People C. Interaction between demand and supply of labour D. Economy Correct Answer: Option C C. Interaction between demand and supply of labour Explanation Irrespective of the presence of labour unions, labour laws and other forces, the interaction...