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Friday, 01 May 2026
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Economics Past Questions and Answers

Waec Economics Questions

Question 1226:
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
View Answer & Explanation
Question 1227:
The increase in population growth in big cities is referred to as
  • A Settlement
  • B Migration
  • C Industrialization
  • D Urbanization
View Answer & Explanation
Question 1228:
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
View Answer & Explanation
Question 1229:
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%
View Answer & Explanation
Question 1230:
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
View Answer & Explanation