Waec Economics 2004 Past Questions and Answers

Question 31:

• WAEC 2004

The number of people who are qualified to work and who offer themselves for employment are called

A. Migrant labour
B. Working population
C. Labour turnover
D. Mobility of labour

Question 32:

• WAEC 2004

When the general price level persistently falls, the rate of unemployment

A. Rises
B. Stagnates
C. Rapidly reduces
D. Equal natural groth rate

Question 33:

• WAEC 2004

Which of the following is not a direct effort to increase agricultural production?

A. Operation feed the nation
B. Use of improved seedlings
C. Increased loans to farmers and co-operative societies
D. Ntional Yputh Service Corps

Question 34:

• WAEC 2004

To ensure high employment rate, developing countries should

A. Build more universities
B. Protect infant industries
C. Organize trade fairs
D. Prevent rural-urban drift

Question 35:

• WAEC 2004

The act of selling goods in foreign markets at prices below those charged at home market is called

A. Exchange
B. Specialization
C. Dumping
D. Exporting