Waec Economics Past Questions and Answers

Question 76:

• 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 77:

• 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

Question 78:

• WAEC 1989

Distribution is part of production because it

A. Makes goods and services available to the final consumer
B. Transport the goods from place to place
C. Offers employment to people
D. Encourages the provision of good roads, waterways and railways
E. Links the consumer with the producer

Question 79:

• WAEC 1989

The grouping of a population into males and females is known as the

A. Geographical distribution
B. Age distribution
C. Sex distribution
D. Man-woman distribution
E. Occupational distribution

Question 80:

• WAEC 1989

which of the following is the most important reason why wages differ among occupations?

A. Length and cost of training
B. Supply of labour
C. Attractiveness of the job
D. Influence of trade unions
E. Government decision