Waec Economics 1989 Past Questions and Answers

Question 26:

• WAEC 1989

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

Question 27:

• WAEC 1989

a person who buys in bulk and sells in bit is a

A. Manufacturer
B. Sales representative
C. Retailer
D. Advertiser
E. Distributor

Question 28:

• WAEC 1989

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

Question 29:

• WAEC 1989

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

Question 30:

• WAEC 1989

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