Waec Economics 2015 Past Questions and Answers

Question 26:

• WAEC 2015

Frictional unemployment occurs when?

A. There is a change in the technique of production
B. Job seekers lack information where jobs exist
C. Bad weather prevents work from progressing
D. Job seekers have disabilities

Question 27:

• WAEC 2015

which of the following will increase the demand for labour

A. Increase wage rate
B. Labour's demand for output
C. Low wage rate
D. Low marginal productivity

Question 28:

• WAEC 2015

one reason for low agrictural productivity in most west African countries is that?

A. Farmers are not capable of producing cash crops
B. It does not provide income to farmers with large families
C. Farmers find it difficult getting help from financial institutions
D. It is not the only source of raw materials for agro-based industries

Question 29:

• WAEC 2015

The movement of labour from one grade to an entirely different grade is an example of?

A. Industrial labour mobility
B. Horizontal occupational mobility
C. Vertical occupational mobility
D. Geographical mobility

Question 30:

• WAEC 2015

which of the following is not a strong basis for trade unions demand for higher wages

A. Company is making higher profit
B. Productivity of workers has increased
C. Members of the union have high qualifications
D. Commodity produced by the workers is very essential