by Sunday | Nov 7 | Economics WAEC
A. encouraging a communal system of land ownership B. adopting policies that will encourage rural-urban migration C. provision of subsidies on equipment D. Restrictive lending policies by banks Correct Answer: Option C C. provision of subsidies on equipment...
by Sunday | Nov 7 | Economics WAEC
A. social attitude to work B. education and training C. working conditions of workers D. total population Correct Answer: Option D D. total population Explanation Some of the factors affecting the efficiency of labour – Personal Qualities of Labourers –...
by Sunday | Nov 7 | Economics WAEC
A. increase in the number of young people B. increase in the number of old people C. decrease in the dependent population D. decrease in the life expectancy Correct Answer: Option A A. increase in the number of young people Explanation A growing population is...
by Sunday | Nov 7 | Economics WAEC
A. rising, marginal utility is rising B. falling, marginal utility is negative C. maximum, marginal utility is maximum D. falling, marginal utility is rising Correct Answer: Option B B. falling, marginal utility is negative Explanation The following are the various...
by Sunday | Nov 7 | Economics WAEC
A. frictional unemployment B. structural unemployment C. cyclical unemployment D. residual unemployment Correct Answer: Option D D. residual unemployment Explanation Residual unemployment; the unemployment that remains in periods of full employment, as a result of...