by Sunday | Nov 6 | Economics WAEC
A. an increase in the cost of factors inputs B. increase in the income tax rate C. increase in bank lending rates D. increasingly large budget deficit Correct Answer: Option A A. an increase in the cost of factors inputs Explanation There are five causes for...
by Sunday | Nov 6 | Economics WAEC
A. will be composed of goods produced by women B. figures will be grossly over-stated C. statistics will be difficult to calculate D. figures will be grossly under-stated Correct Answer: Option D D. figures will be grossly under-stated Explanation The national income...
by Sunday | Nov 6 | Economics WAEC
A. $302.00 B. $52.00 C. $18.00 D. $622.00 Correct Answer: Option C C. $18.00 Explanation floor = $250 distribution cost = $52 250 + 52 = 302 selling price $320 – $302 = $18
by Sunday | Nov 6 | Economics WAEC
A. profits B. profit and rent C. rent D. wages and salaries Correct Answer: Option D D. wages and salaries Explanation The largest component of national income is compensation of employees. (wages and salaries). National income measures: the market value or cost of...
by Sunday | Nov 6 | Economics WAEC
A. that provides jobs for many people B. which uses advance technology in production C. which produces similar products D. that provides jobs for few people Correct Answer: Option C C. which produces similar products Explanation An industry is a group of manufacturers...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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