by Sunday | Nov 8 | Economics WAEC
A. price of the commodity B. goods of ostentation C. Giffen goods D. rare commodity Correct Answer: Option C C. Giffen goods Explanation An uncommonly high product demand that is outside the normal parameters established by the management policy is called abnormal...
by Sunday | Nov 8 | Economics WAEC
A. the demand curve will shift to the left while the supply curve will shift to the right B. supply curve will shift to the left C. supply curve will shift to the right D. demand curve will shift to the right while the supply curve remains unchanged Correct Answer:...
by Sunday | Nov 8 | Economics WAEC
A. shortage of commodities B. low retail prices C. hoarding of goods D. high retail prices Correct Answer: Option B B. low retail prices Explanation Middlemen’s intervention raises the price for consumers. The real profit goes to the middlemen who buy up the...
by Sunday | Nov 8 | Economics WAEC
A. is affected by extreme values B. can only be used for continuous data C. cannot be used to measure the qualities of a population D. cannot be determined in group data Correct Answer: Option A A. is affected by extreme values Explanation The important disadvantage...
by Sunday | Nov 8 | Economics WAEC
A. ownership of resources B. scarcity of resources C. method of decision making D. motivation for production Correct Answer: Option B B. scarcity of resources Explanation Economic systems are the means by which countries and governments distribute resources and trade...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.