WAEC Economics 2025 Objective — Question 5
Question 5 of 51 from the West African Examinations Council (WAEC) Economics 2025 Objective paper, with the correct answer and a full explanation.
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In a command economy, wages are determined by
- A. the employers.
- B. trade unions.
- C. central planning committee.Correct
- D. forces of demand and supply.
Explanation
In a command (planned) economy, the central planning authority/committee controls and determines wages, not market forces.
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