(Check If This Answer Correspond With Ur Question; If Yes!! Comment With
The Word "Confirm")
/ means divide (dnt write this on ur answer sheet)
* means minus (dnt write this on ur answer sheet)
ECONOMICS OBJ
1-10: ABBCCBAACC
11-20: CBCCABACDB
21-30: AADDBACDBD
31-40: CBDCDCDABC
41-50: CDBCCABABA
NOTE:- In the obj section you need to cross-check to see if ours correspond with yours
Feel free to drop your comment as the forum is open to everyone......
(Dont write these things on another colors on your answer sheets the letters on black are suppose to be on your sheet o.....MAKE WAEC NO COME CATCH ME )
(3a) A trade union is an association of workers formed to enable the members to take collective ,rather than individual action against their employers in matters relating to their welfare and conditions of work
(3B.1)they
represent the working in all issues relating to the
working environment.
(2)Another functions is to play
an active role in wage negotiations between the
employer and employ.
(3)They also collectively bargain
for better working conditions for their members
and play an active role in resolving wage disputes.
(4) create safety
standards and better working conditions
(3c)-strike
-bargaining
(7a)
Deflation maybe defined as a
continuos fall in price level of goods and services as a result of decrease in the volume of money in circulation.
(7b)
- it increase the volume of money
-it encourages export
-it encourages savings.
(7c)
- it discourages savings
-loss of value
of money
-it leads to balance of payment
problems
(4a)
-To prevent exploitation of consumers by
producers
-To avoid or control inflation
-To help income earners
-To control profits of companies
(4b)
-It stimulates excess demand which
cannot be satisfied
-It encourages hoarding of commodities
by wholesaler and retailers
-It encourages conditional sales of
product
-It discourages shortages,which might
result in queues and racketerering
========================
(6)
balance of payment disequilibrium
can be defined as a situation which
occurs when the total receipt of a
country on the combined current and
capital account are not equal to the
payment
(6aii)
Balance of payment surplus: is a
situation when the total receipt from
other counti existing exceeded the total
payment to the countries during
trading period
(6aiii)
Balance of payment deficit: th is
occurs when the combined one receipt
on the current and long capital account
of a country are less than corresponding
payment
(6b)
balance of payments surplus:there is balance of payments surplus when the
total receipts from all other countries
exceed the total payments to the other
countries during a given period. this
situation gives rise to what is referred to
as favourable balance of payments.
(6c)
-low level of agricultural production: this
make Nigeria dependent on food imports
and imported inputs for our agro-allied
industries.
-political instability:it discourages export drive but encourages massive
importattion of goods.
-excessive government expenditure:this
attitude encourages the government to
engage in massive importation of all
kinds of goods into the country. -servicing of huge external debts: this can
go along way to deplete the external
reserrves and use all earnings to settle
external debts.
(1)
(i)
Vc=Tc-Fc
At 2=>100-40=60
At 4=>140-40=100
At 6=>180-40=140
(ii)
ATc=Tc/output
At 2=> 100/2=50
At 3=> 120/3=40
(iii)
Mc=change in Tc/Change in output
At 4 and 6 =>(180-140)/(6-4)
=40/2 =20
(
1b)
profit=Tc-Vc
(i)
100-60=$40
(ii)
140-40=$100
========================
========================
(2a)
Disposable income
(i)
doctor=10% of 8000=10/100*800/1=$
800
(ii)
Engineer =12% of
7000=12/100*7000=$840
(iii)
Civil servant= 18% of 5000=18/100*5000 =$900
(iv)
Nurse= 15% of 6000 =15/100*6000= $
900
(2b)
Regressive tax system
(2c)
-profession with lower income pay
higher tax
-the tax percentage rate in professions
earning high is lower than that of
profession earning low income.
=======================
Check the number before copying to avoid mistakes..
We dont want to hear complains as all answers you see here are 100% correct
Like MyPortalNg on Facebook!
