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Economics 2020 WAEC Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
26

In the long run, as individuals receive higher wages, it causes

  • A. demand for food to decrease
  • B. demand for leisure to decrease
  • C. supply of normal goods to decrease
  • D. supply of labour to decrease
View Answer & Discuss (8) WAEC 2020
27

Labor productivity is defined as 

  • A. output per man-hour
  • B. average Output
  • C. the maximum number of hours Worked
  • D. total output of labour 
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28

Which of the following problem has the least effect on agricultural productivity in West Africa?

  • A. Incidence of pests and diseases
  • B. Unfavourable weather conditions
  • C. Urban-rural migration
  • D. Illiteracy
View Answer & Discuss (1) WAEC 2020
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29

The location of iron and steel industry at a place is due to 

  • A. easy access to raw materials
  • B. access to cheap labour
  • C. government policy
  • D. good infrastructure
View Answer & Discuss (1) WAEC 2020
30

Import substitution as a strategy of industrialization is the 

  • A. replacement of locally produced goods with imported ones
  • B. development of locally produced goods with imported ones
  • C. establishment of firms to process imported raw materials
  • D. act of using local inputs to produce goods for export
View Answer & Discuss (2) WAEC 2020
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