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Economics 1989 WAEC Past Questions

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31
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
32
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
33

A legal tender is any

  • A. form of money
  • B. means of exchange authorized by the state
  • C. commodity generally acceptable as a meduim of exchange
  • D. total productivity of labour
  • E. amount of goods and services that the wage can fetch
View Answer & Discuss (1) WAEC 1989
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34
Wages are to some extent determine by the
  • A. Marginal utility of labour
  • B. Marginal productivity of labour
  • C. Average productivity of labour
  • D. Total productivity of labour
  • E. Amount of goods and services that the wage can fetch
View Answer & Discuss WAEC 1989
35
Inflation in any economy
  • A. Has no monetary connection
  • B. Implies a sustained decrease in the general price level
  • C. Always increase the value of national currency
  • D. Tends to redistribute income arbitrarily
  • E. Tends to bring down market prices
View Answer & Discuss WAEC 1989
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208