Waec Economics 2000 Past Questions and Answers

Question 21:

• WAEC 2000

Hassan , an economic teacher in Lagos, resigned his appointment and took yup another job as a banker . The The concept here involves

A. Occupational mobility of labour
B. Horozontal mobility of labour
C. Vertical mobility of labour
D. Geographical mobility of labour

Question 22:

• WAEC 2000

Net migration is the difference between

A. Population and census
B. Immigrants and emigrants
C. Per capita income and population
D. Internal and external migration

Question 23:

• WAEC 2000

Wages are to some extent, determined by the

A. Marginal utility of labour
B. Average utility of labour
C. Marginal productivity of labour
D. Total output of labour

Question 24:

• WAEC 2000

The movement along the same curve is a

A. Change in demand
B. Change in quantity demanded
C. Shift in demand
D. Market demand

Question 25:

• WAEC 2000

An industry can best be described as

A. A place where goods are processed
B. A place where different firms produced different goods
C. An aggregation of indidvidual firms producing similar commodities
D. The concentration of various firm in the same locality