Waec Economics Past Questions and Answers

Question 1226:

• WAEC 2011

One good reason for the elimination of middle men is that they

A. Cause increase in price
B. Help in price stability
C. Grade and blend goods
D. Are too many

Question 1227:

• WAEC 2011

The increase in population growth in big cities is referred to as

A. Settlement
B. Migration
C. Industrialization
D. Urbanization

Question 1228:

• WAEC 2011

Frictional unemployment can be reduced by

A. Encouraging the use of retaining schemes
B. Removing barriers to labour mobility
C. Restricting the introduction of new technology
D. Lowering the level of wages paid to young people

Question 1229:

• WAEC 2011

If the labour force of a country is 2.5 million and 2 million are employed , what is the unemployment rate?

A. 0.2%
B. 20%
C. 200%
D. 250%

Question 1230:

• WAEC 2011

The grouping of the population according to the economic activities people engage in is

A. Age distribution
B. Sex distribution
C. Geographical distribution
D. Occupational distribution