Waec Economics Past Questions and Answers

Question 1456:

• WAEC 2015

Inflation may occur if there is?

A. Excess supply over demand
B. Increase in productivity
C. Excessive demand with limited supply
D. Increased government spending in a depressed economy

Question 1457:

• 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 1458:

• 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 1459:

• 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 1460:

• 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