by Sunday | Jan 7 | Economics WAEC
A. Wholesale Price Index B. Consumer Price Index C. National Income D. Retailer’s Price Index Correct Answer: Option C C. National Income Explanation If the national income or output is increased, economic growth will also...
by Sunday | Jan 7 | Economics WAEC
A. its capital may not be increased without government permission B. the proprietor is personally liable for the firm’s debts C. the proprietor is not able to obtain credit D. the proprietor may not sue for bad debts Correct Answer: Option B B. the proprietor is...
by Sunday | Jan 7 | Economics WAEC
A. sacred land B. individual land C. communal land D. rent land Correct Answer: Option C C. communal land Explanation Communal land is community land.
by Sunday | Jan 7 | Economics WAEC
A. Import monopoly B. Import license C. Import quota D. Embargo Correct Answer: Option B B. Import license Explanation Import license allows an importer to bring and purchase foreign currency required to pay for...
by Sunday | Jan 7 | Economics WAEC
A. Primary sector B. Secondary sector C. Tertiary sector D. Education sector Correct Answer: Option A A. Primary sector Explanation Primary sector or extractive occupations include farming, fishing, mining, etc workers here form about 65...