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Economics 2015 WAEC Past Questions

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26

which of the following will increase the demand for labour

  • A. Increase wage rate
  • B. labour's demand for output
  • C. low wage rate
  • D. low marginal productivity
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27

one reason for low agrictural productivity in most west African countries is that?

  • A. farmers are not capable of producing cash crops
  • B. it does not provide income to farmers with large families
  • C. farmers find it difficult getting help from financial institutions
  • D. it is not the only source of raw materials for agro-based industries
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28

The movement of labour from one grade to an entirely different grade is an example of?

  • A. industrial labour mobility
  • B. horizontal occupational mobility
  • C. vertical occupational mobility
  • D. geographical mobility
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29

which of the following is not a strong basis for trade unions demand for higher wages

  • A. company is making higher profit
  • B. productivity of workers has increased
  • C. members of the union have high qualifications
  • D. commodity produced by the workers is very essential
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30

The difference between the gross domestic product (GDP) and gross national product (GNP) IS?

  • A. depreciation
  • B. transfer payment
  • C. net income from abroad
  • D. direct taxes
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts