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Economics Past Questions

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1491
The money paid per hour or week for work done is known as
  • A. cost
  • B. time rate
  • C. bonus
  • D. wage rate
  • E. labour
View Answer & Discuss WAEC 1989
1492
in a rapidly growing economy where human labour is being replaced by machines, there is likely to be
  • A. classical unemployment
  • B. frictional unemployment
  • C. seasonal unemployment
  • D. residual unemployment
  • E. cyclical unemployment
View Answer & Discuss (3) WAEC 1989
1493
Distribution is part of production because it
  • A. Makes goods and services available to the final consumer
  • B. Transport the goods from place to place
  • C. Offers employment to people
  • D. Encourages the provision of good roads, waterways and railways
  • E. Links the consumer with the producer
View Answer & Discuss WAEC 1989
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1494
The grouping of a population into males and females is known as the
  • A. geographical distribution
  • B. age distribution
  • C. sex distribution
  • D. man-woman distribution
  • E. occupational distribution
View Answer & Discuss WAEC 1989
1495
which of the following is the most important reason why wages differ among occupations?
  • A. Length and cost of training
  • B. Supply of labour
  • C. Attractiveness of the job
  • D. influence of trade unions
  • E. Government decision
View Answer & Discuss (4) WAEC 1989
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