by Sunday | Nov 6 | Economics WAEC
A. under-employed B. unemployed C. fully employed D. technically unemployed Correct Answer: Option A A. under-employed Explanation Under-employed is the condition in which people in a labor force are employed at less than full-time or regular jobs or at jobs...
by Sunday | Nov 6 | Economics WAEC
A. granting long-term loans B. assisting with technical expertise C. reducing tariff among members D. developing human resource Correct Answer: Option C C. reducing tariff among members Explanation The International Bank for reconstruction and development (IBRD), now...
by Sunday | Nov 6 | Economics WAEC
A. custom union B. free trade area C. common market D. economic community Correct Answer: Option D D. economic community Explanation An economic community can be understood as an economic and/or political alliance that is specifically designed to foster trade and...
by Sunday | Nov 6 | Economics WAEC
A. prices of goods become stable B. countries become self-sufficient C. goods consumed are produced at a very high cost D. it makes possible the consumption of a variety of goods Correct Answer: Option D D. it makes possible the consumption of a variety of goods...
by Sunday | Nov 6 | Economics WAEC
A. absolute cost B. comparative cost C. fixed cost D. variable cost Correct Answer: Option B B. comparative cost Explanation The principle of comparative cost states that; international trade takes place between two countries when the ratios of the comparative cost...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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