by Sunday | Nov 8 | Economics WAEC
A. production is shifting to the left B. resources are under-utilized C. economic growth has taken place D. factors of production are moving outward Correct Answer: Option D Explanation Increases in the production possibilities curve are represented by shifts outward,...
by Sunday | Nov 8 | Economics WAEC
A. forest B. diamond C. roads D. crude oil Correct Answer: Option C C. roads Explanation Land, sometimes referred to as dry land, is the solid surface of Earth that is not permanently covered by water and is...
by Sunday | Nov 8 | Economics WAEC
A. studies laws that govern human behaviour B. uses scientific method to explain human behaviour C. makes use of controlled experiments to explain human behaviour D. makes use of machines to study human behaviour Correct Answer: Option B B. uses scientific method to...
by Sunday | Nov 7 | Economics WAEC
A. International Monetary Fund (IMF) B. World Bank (IBRD) C. United Nations Organization (UNO) D. Economic Commission for Africa (ECA) Correct Answer: Option A A. International Monetary Fund (IMF) Explanation Balance of payments policies: The policies include...
by Sunday | Nov 7 | Economics WAEC
A. free trade area B. common market C. custom union D. economic community Correct Answer: Option C C. custom union Explanation A customs union is generally defined as a type of trade bloc which is composed of a free trade area with a common external tariff. Customs...