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Economics 1989 WAEC Past Questions

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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
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26
a person who buys in bulk and sells in bit is a
  • A. manufacturer
  • B. sales representative
  • C. retailer
  • D. advertiser
  • E. distributor
View Answer & Discuss (1) WAEC 1989
27
which of the following is not correct?
  • A. Population refers to number of people living in a place
  • B. The population of a place is not static
  • C. Population is known through a census
  • D. Population is affected by the amount of money in circulation
  • E. Population can be affected by natural disaster
View Answer & Discuss WAEC 1989
28
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
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
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29
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
30
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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