Waec Economics Past Questions and Answers

Question 841:

• WAEC 2005

The production factor, whose entire world supply is fixed is

A. Land
B. Skilled labour
C. Capital goods
D. Entrepreneur

Question 842:

• WAEC 2005

when all factors input are reduced by half, the production possibility curve will shift

A. Outwards
B. Inwards
C. Downwards
D. Upwards

Question 843:

• WAEC 2005

when a worker changes from one tye of job to another, it is called

A. Geographical mobility of labour
B. Occupational mobility of labour
C. Immobility of labour
D. Rural-urban migration

Question 844:

• WAEC 2005

which of the following determines the size of a country's population ? (I) Birth rate (II) Death rate (III) Migration rate (IV) Importation rate (V) Unemployment rate

A. (I), (II) and (V)
B. (II) and (IV)
C. (I),(II) and (III)
D. (IU) and (V)

Question 845:

• WAEC 2005

Age distribution is important because it helps the government to

A. Check rural-urban drift
B. Determines the number of foreigners
C. Determines the number of factories
D. Undertake effective planning