by Sunday | Jan 7 | Economics WAEC
A. MC B. AC C. TC D. FC Correct Answer: Option B B. AC Explanation Average cost shows the cost per unit of any chosen output.
by Sunday | Jan 7 | Economics WAEC
A. Economies of scale B. Money cost C. Opportunity cost D. Cost functions Correct Answer: Option A A. Economies of scale Explanation Economies of scale which is also known as scale of production set the size of plant, the number of plants installed and the technique...
by Sunday | Jan 7 | Economics WAEC
A. Deflation B. Reinflation C. Disinflation D. Inflationary gap Correct Answer: Option D D. Inflationary gap Explanation Restrictive monetary policy which is also known as contractionary monetary policy is used to increase the interest rate and reduce investment so as...
by Sunday | Jan 7 | Economics WAEC
A. monetary policy B. fiscal policy C. credit ceiling D. open market operation Correct Answer: Option C C. credit ceiling Explanation Credit ceiling is one of the tools or instruments of monetary policy used by the central bank to control credit in an...
by Sunday | Jan 7 | Economics WAEC
A. stagflation B. inflationary spiral C. slump inflation D. inflationary gap Correct Answer: Option C C. slump inflation Explanation An economic which idleness and underutilization of resources such as capital and labour is known as Slump...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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