by Sunday | Nov 6 | Economics WAEC
A. land acquisition becomes centralized B. imports of substitutes are reduced C. waste in the firm is eliminated D. subsidies to firms are decreased Correct Answer: Option B B. imports of substitutes are reduced Explanation Import substitution is a trade and economic...
by Sunday | Nov 6 | Economics WAEC
A. dependence on too many crops B. poor storage facilities C. adverse weather condition D. recession in the world economy Correct Answer: Option A A. dependence on too many crops
by Sunday | Nov 6 | Economics WAEC
A. date rate is reduced B. marriage is abolished C. more hospitals are built D. more restraint is adopted Correct Answer: Option D D. more restraint is adopted Explanation Positive checks are those, according to Thomas Malthus, that increase the death rate. These...
by Sunday | Nov 6 | Economics WAEC
A. structural unemployment B. frictional unemployment C. seasonal unemployment D. residual unemployment Correct Answer: Option C C. seasonal unemployment Explanation Seasonal unemployment occurs when people are unemployed at certain times of the year because they work...
by Sunday | Nov 6 | Economics WAEC
A. are located very close to consumers B. finance both producers and retailers C. pass information on from retailers to consumers D. sell in small units to consumers Correct Answer: Option B B. finance both producers and retailers Explanation Wholesalers either take...