WAEC Economics 2014 Objective — Question 6
Question 6 of 50 from the West African Examinations Council (WAEC) Economics 2014 Objective paper, with the correct answer and a full explanation.
Advertisement
Households make economic decisions because they want to
- A. make more profit
- B. increase their salaries and wages
- C. increase their purchases
- D. maximize their satisfactionCorrect
Explanation
The alternate goal of households, who are referred to as consumers, is to maximize satisfaction.
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.