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Economics Past Questions and Answers

Waec Economics Questions

Question 1456:

Inflation may occur if there is?

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

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Question 1457:

Frictional unemployment occurs when?

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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

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Question 1458:

which of the following will increase the demand for labour

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A Increase wage rate
B Labour's demand for output
C Low wage rate
D Low marginal productivity

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Question 1459:

one reason for low agrictural productivity in most west African countries is that?

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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

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Question 1460:

The movement of labour from one grade to an entirely different grade is an example of?

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A Industrial labour mobility
B Horizontal occupational mobility
C Vertical occupational mobility
D Geographical mobility

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