Economics WAEC

Which of the following is applicable in a wholly capitalist economy?

A. There is government intervention in price determination
B. Consumer sovereignty does not exist
C. The price mechanism allocates resources
D. Households cannot freely decide what to spend on goods and services

Correct Answer:

Option C – The price mechanism allocates resources

AddThis Website Tools
Sunday

Share
Published by
Sunday
Tags: economics

Recent Posts

TEE 239 Theory Questions: Halliday’s Functions of Language

200 Level Language Acquisition Process exam questions and detailed answers. Download the answers in document format.…

1 day ago

TEE 239 Theory Questions: Functions of English in Nigeria

200 Level Language Acquisition Process exam questions and detailed answers. Download the answers in document format.…

1 day ago

TEE 239 Theory Questions: Innatist Theory and Mentalist Thought ​

200 Level Language Acquisition Proces exam questions and detailed answers. Download the answers in document format.…

1 day ago

TEE 239 Theory Questions: Language Acquisition and Learning

200 Level Language Acquisition Process exam questions and detailed answers. Download the answers in document format.…

1 day ago

TEE 206 Theory Question: Lesson Plan for SS2 Students

200 Level English Language And Literature Methods exam questions and detailed answers. Download the answers in document…

2 days ago

TEE 206 Theory Questions: Teaching Literature in Schools

200 Level English Language And Literature Methods exam questions and detailed answers. Download the answers in document…

2 days ago