by Sunday | Nov 8 | Economics WAEC
A. exports of such a country become cheaper B. importation of goods into such a country becomes cheaper C. the value of such a country’s currency rises D. foreign goods are attracted to the country Correct Answer: Option A A. exports of such a country become...
by Sunday | Nov 8 | Economics WAEC
A. size of the population B. income of the consumer C. price of the commodity D. taste and fashion Correct Answer: Option C C. price of the commodity Explanation A movement along a given demand curve caused by a change in demand price. The only factor that can cause a...
by Sunday | Nov 8 | Economics WAEC
A. As total utility increases, the marginal utility also increases B. The marginal utility is always zero whenever the total utility reaches the maximum C. The total utility is at maximum whenever marginal utility is at it’s maximum D. There is no relationship...
by Sunday | Nov 8 | Economics WAEC
A. they are primary producers B. their currencies are overvalued C. they import less machines D. they are tertiary producers Correct Answer: Option A A. they are primary producers
by Sunday | Nov 8 | Economics WAEC
A. International Finance Corporation B. International Monetary Fund C. International Bank for Reconstruction and Development D. African Development Bank Correct Answer: Option B B. International Monetary Fund Explanation It strives to ensure the international monetary...