by Sunday | Nov 6 | Economics WAEC
A. raw material B. money C. fuel D. machinery Correct Answer: Option D D. machinery Explanation Circulating capital can consist of cash, operating expenses, raw materials, inventory in the process, finished goods inventory and accounts receivable. Circulating capital...
by Sunday | Nov 6 | Economics WAEC
A. tuition, fees, and books B. boarding and lodging C. the wages are given up to attend the university D. transportation and entertainment Correct Answer: Option C C. the wages are given up to attend the university Explanation Opportunity cost is the value of the next...
by Sunday | Nov 6 | Economics WAEC
A. its issues can be easily verified by reference to facts B. it adopts scientific methods in making its analysis C. its issues are relevant for national development D. its subject matter studies human behaviour Correct Answer: Option D D. its subject matter studies...
by Sunday | Nov 6 | Economics WAEC
A. iron rod B. wildlife C. solar energy D. gold Correct Answer: Option C C. solar energy Explanation A natural resource is what people can use which comes from the natural environment. Examples of natural resources are air, water, wood, oil, wind energy, natural gas,...
by Sunday | Nov 6 | Economics WAEC
A. population B. employment C. money D. demand for imports Correct Answer: Option B B. employment Explanation The extraction of crude oil in a country will lead to a correspondent increase in the manpower/labour...