WAEC Economics 2014 Objective — Question 12
Question 12 of 50 from the West African Examinations Council (WAEC) Economics 2014 Objective paper, with the correct answer and a full explanation.
Advertisement
The components of a three-sector economy are
- A. banks, schools and hospitals
- B. workers, producers and marketers
- C. households, firms and the governmentCorrect
- D. producers, retailers and wholesalers
Explanation
A three sector economy has three components, namely: households, firms and government.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.