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Economics is the study of how to

Economics
WAEC 1993

Economics is the study of how to
  • A. choose between alternatives, given limited resources
  • B. regulate the money that is in circulation in a country
  • C. be prudent in the use of available resources
  • D. improve the standard of living of the society at large
  • E. arrange our needs in order of usefulness before satisfying them
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Correct Answer: Option A
Explanation
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts