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Economics Past Questions and Answers

Waec Economics Questions

Question 556:

Hassan , an economic teacher in Lagos, resigned his appointment and took yup another job as a banker . The The concept here involves

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A Occupational mobility of labour
B Horozontal mobility of labour
C Vertical mobility of labour
D Geographical mobility of labour

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Question 557:

Net migration is the difference between

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A Population and census
B Immigrants and emigrants
C Per capita income and population
D Internal and external migration

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Question 558:

Wages are to some extent, determined by the

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A Marginal utility of labour
B Average utility of labour
C Marginal productivity of labour
D Total output of labour

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Question 559:

The movement along the same curve is a

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A Change in demand
B Change in quantity demanded
C Shift in demand
D Market demand

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Question 560:

An industry can best be described as

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A A place where goods are processed
B A place where different firms produced different goods
C An aggregation of indidvidual firms producing similar commodities
D The concentration of various firm in the same locality

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