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Economics WAEC Past Questions

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61
Which of the following is the normal channel by which the commodities reach the final consumer?
  • A. Mnaufacturer-wholesale-agent retailer-consumer
  • B. Mnufacturer-wholesale-retailer-consumer
  • C. Manufacturer-wholesale-sales representative-retailer-consumer
  • D. Mnufacturer-wholesale-retailer-agent-consumer
  • E. Mnaufacturer-wholesale-retailer-sales-representative-consumer
View Answer & Discuss (2) WAEC 1989
62
the movement of a worker from one grade to another within the same industry is a form of mobility of labour which is
  • A. geographical
  • B. vertical
  • C. occupational
  • D. horizontal
  • E. lateral
View Answer & Discuss (2) WAEC 1989
63
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
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64
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
65
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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