2024 WAEC GCE FIRST SERIES (JANUARY) ECONOMICS: 2024 WAEC GCE First Series ECONOMICS QUESTIONS AND ANSWERS (4303)
2023 WAEC GCE First Series ECONOMICS QUESTIONS AND ANSWERS Password/Pin/Code is 4303. You can use it to view 2024 Economics Answers A day before the exam.
ECONOMICS
01-10: CCDCBDCACA
11-20: BCCABBCDAC
21-30:DACDBBBDAA
31-40: CCDDCBBCBB
41-50: AACAACBABB
Welcome to official 2024 Economics WAEC GCE First Series (January) answer page. We provide 2024 Economics WAEC GCE First Series (January) Questions and Answers on Essay, Theory, OBJ midnight before the exam, this is verified & correct WAEC GCE First Series (January) Econs Expo. WAEC GCE First Series (January) Economics Questions and Answers 2024. WAEC GCE First Series (January) Econs Expo for Theory & Objective (OBJ) PDF: verified & correct expo Solved Solutions, 2024 WAEC GCE First Series ECONOMICS QUESTIONS AND ANSWERS. 2024 WAEC GCE First Series (January) EXAM Economics Questions and Answers
Questions Students ask about 2024 WAEC GCE FIRST SERIES (JANUARY) ECONOMICS: 2024 WAEC GCE First Series ECONOMICS QUESTIONS AND ANSWERS (4303)
- How to get 2024 Economics WAEC GCE First Series (January) QUESTION AND ANSWERS before the exam? To get 2024 WAEC GCE First Series ECONOMICS QUESTIONS AND ANSWERS midnight before the exam, all you need to do is to visit examplaza.com with the pin sent to you by the admin and login. With the pin, you can have a full access to 2024 WAEC GCE First Series ECONOMICS QUESTIONS AND ANSWERS
- When do I get Verified 2024 Economics WAEC GCE First Series (January) QUESTION AND ANSWERS? You will get 2024 WAEC GCE First Series ECONOMICS QUESTIONS AND ANSWERS a night to the exam because Economics is an important subject.
- After using 2024 Economics WAEC GCE First Series (January) ANSWERS, How many am I assured of in Economics? You will score between 7As - 9As in Economics if you write verbatim 2024 WAEC GCE First Series ECONOMICS QUESTIONS AND ANSWERS.
- How verified is your 2024 Economics WAEC GCE First Series (January) ANSWERS? Our 2024 WAEC GCE First Series ECONOMICS QUESTIONS AND ANSWERS is 100% verified and legit and it is worthy to be trusted because it from examplaza.com which is the most trusted website for exam runs in Nigeria.
- Where do I get 2024 Economics WAEC GCE First Series (January) QUESTION AND ANSWERS? You can get 2024 WAEC GCE First Series ECONOMICS QUESTIONS AND ANSWERS only from examplaza.com
- Is the answers on this page actually the main 2024 WAEC GCE First Series ECONOMICS QUESTIONS AND ANSWERS? No, This is 2023 WAEC GCE First Series ECONOMICS QUESTIONS AND ANSWERS, to get 2024 WAEC GCE First Series ECONOMICS QUESTIONS AND ANSWERS, you need to subscribe with us by texting or WhatsApping us.
- How do I subscribe for 2024 Economics WAEC GCE First Series (January) Questions & ANSWERS? To subscribe for 2024 Economics WAEC GCE First Series (January) Questions & ANSWERS, Message 08108515604 stating that you need 2024 Economics WAEC GCE First Series (January) Questions & ANSWERS a day to the exam.
- Go to examplaza.com official website website for Economics subscription: You will need to visit examplaza.com official subscription page for WAEC GCE First Series (January) Economics at https://examplaza.com/sub/
- Grab active examplaza.com WhatsApp number and chat the admin for Economics WAEC GCE First Series (January) subscription: examplaza.com has two phone numbers for whatsapp, get the active one and chat them on whatsapp for Economics subscription
- Drop your subscription details: As you open whatsapp chat with examplaza.com drop your MTN recharge card and subject like this; subject: Economics, MTN Card: 746473829383738, then wait for them to confirm your payment and send you the Economics pin and whatsapp group link.
How to subscribe for 2024 WAEC GCE First Series (January) Economics (4303) Questions and Answers?
This is how to subscribe for 2024 WAEC GCE First Series (January) Economics (4303) Questions and Answers expo and get the answers before the exam. If you want to access WAEC GCE First Series (January) Economics (4303) before the exam, follow this detailed steps
This is 2024 WAEC GCE First Series ECONOMICS QUESTIONS AND ANSWERS No. 1
(5a)
Labour refers to the physical and mental effort exerted by human beings in the production process. Capital, on the other hand, refers to the physical goods that are used in the production process.
(5b)
(i) Supply of labour: The supply of labour may increase, as workers are attracted to the higher wage.
(ii) Supply of wheat: The supply of wheat may decrease, as the higher wage would increase the cost of production for wheat.
(iii) Price of wheat: The price of wheat may increase, as the higher cost of production would lead to higher prices for consumers.
(iv) Price of rice, a substitute of wheat: The price of rice, a substitute for wheat, may increase as the increased cost of production for wheat makes it relatively more expensive than rice. This could lead to an increase in demand for rice, and subsequently increase its price.
This is 2024 WAEC GCE First Series ECONOMICS QUESTIONS AND ANSWERS No. 5
(6a)
Open market operation:- is an activity by a central bank to give (or take) liquidity in its currency to (or from) a bank or a group of banks.
(6b)
-Central Bank-
(i) A Central Bank devises new policies and rules which have to be followed by the other banks.
(ii) The Central Bank acts as a banker to several other banks and the government.
(iii) A Central Bank is owned by the public sector/ government.
-Commercial Bank-
(i) A Commercial Bank is the richest bank in the nation.
(ii) A Commercial Bank serves as a dealer to the citizens of the nation.
(iii) A Commercial Bank is owned by both the public and private sectors.
(6c)
(i) Financing Trade:-
The money market provides financing to local and international traders who are in urgent need of short-term funds. It provides a facility to discount bills of exchange, and this provides immediate financing to pay for goods and services.
(ii) Growth of Industries:-
The money market provides an easy avenue where businesses can obtain short-term loans to finance their working capital needs. Due to the large volume of transactions, businesses may experience cash shortages related to buying raw materials, paying employees, or meeting other short-term expenses.
(iii) Central Bank Policies:-
The central bank is responsible for guiding the monetary policy of a country and taking measures to ensure a healthy financial 'copied from e x a m p l a z a . c o m free' system. Through the money market, the central bank can perform its policy-making function efficiently.
This is 2024 WAEC GCE First Series ECONOMICS QUESTIONS AND ANSWERS No. 6
(7a)
Economic planning is a process of setting goals, formulating policies, and making decisions to achieve a desired economic outcome.
(7b)
(i) Political instability: It can lead to changes in government policies and priorities, which can disrupt ongoing economic plans and lead to delays or cancellations of planned projects.
(ii) Inflation: It can lead to uncertainty and volatility in the financial markets, making it difficult to secure financing for investment projects or raise capital for business expansion.
(7c)
(i) Responding to External Shocks
(ii) Mitigating Market Failures
(iii) Allocating Resources Efficiently
(iv) Promoting Economic Growth and Development
This is 2024 WAEC GCE First Series ECONOMICS QUESTIONS AND ANSWERS No. 7
(8a)
-ABSOLUTE ADVANTAGE-
(i) Absolute advantage describes the ability of a specific country to produce goods at a lower cost per unit
(ii) Trading is not mutually beneficial for two countries
(iii) Allows a country to produce a higher volume of goods with the given amount of resources
(iv) Considers advantage of producing numerous goods
-COMPARATIVE ADVANTAGE-
(i) Comparative advantage describes the ability of a specific country to produce goods at a lower opportunity cost
(ii) Trading is mutually beneficial for two countries
(iii) Allows a country to produce goods better than another nation with the same amount of resources
(iv) Considers overall production of a nation during a given time frame
(8b)
(i) differences in technology,
(ii) differences in resource endowments,
(iii) differences in demand,
(iv) the presence of economies of scale,
(v) the presence of government policies.
This is 2024 WAEC GCE First Series ECONOMICS QUESTIONS AND ANSWERS No. 8
Welcome to official 2024 Economics WAEC GCE First Series (January) answer page. We provide 2024 Economics WAEC GCE First Series (January) Questions and Answers on Essay, Theory, OBJ midnight before the exam, this is verified & correct WAEC GCE First Series (January) Econs Expo
Name: examplaza.com
Founded: 2010 (14 years)
Founder: Mr. Onuwa
Headquarters: Borno, Nigeria
Official Website: https://examplaza.com/
Official Contact: +2348108515604
Beware of Scammers.... Please always use 08108515604 for all your transactions to avoid being scammed.
NOTE: Any answer that does not have
badge can be chnaged, removed or updated anytime. The badge means that the
answers have
been verified 100% (if used exactly, you're to get nothing but A1) while without
the
badge means that the answer is still under verification.
If you're not in a hurry, please wait for answer to be verified before you copy.
Click on the drop down links to view answer under them.
Good Luck... Invite family and friends to examplaza.com... We are the best and we post, others copy from us.
2024 Neco Gce. Economics answers
Nabteb Gce 2024. Economics answers
2024 Waec Gce Economics Answer
WAEC 2024 MAY/JUNE ECONOMICS ANSWERS
2024 NECO ECONOMICS ANSWERS
2024 WAEC GCE 2nd series Economics Answers
2021 NECO GCE ECONOMICS ANSWERS
2021 NABTEB GCE ECONOMICS ANSWERS
2021 NABTEB ECONOMICS ANSWERS