by Sunday | Nov 8 | Economics WAEC
A. commission B. profits C. fixed interest D. quasi-rent Correct Answer: Option D D. quasi-rent
by Sunday | Nov 8 | Economics WAEC
A. pooling resources together against risks B. Mobilization of funds through premiums collected C. Encouragement of investment by the security of capital D. collection of deposits from the public for investment Correct Answer: Option D D. collection of deposits from...
by Sunday | Nov 8 | Economics WAEC
A. agreement made for consumers to buy all they need B. arrangement made for producers, sell all their goods C. agreement to sell commodities at low prices D. arrangement whereby the buyers and sellers are in contact Correct Answer: Option D D. arrangement whereby the...
by Sunday | Nov 8 | Economics WAEC
A. sound economic decision B. opportunity cost C. practicable government policy D. scale of preference Correct Answer: Option B B. opportunity cost
by Sunday | Nov 8 | Economics WAEC
A. increase in wealth B. overcrowding C. increase in crime rate D. under-population Correct Answer: Option D D. under-population Explanation Under population exists when a population is too small, therefore unable to fully utilize the available resource endowments....