1989 - WAEC Economics Past Questions and Answers - page 4
31
The grouping of a population into males and females is known as the
A
geographical distribution
B
age distribution
C
sex distribution
D
man-woman distribution
correct option: c
Users' Answers & Comments32
which of the following is the most important reason why wages differ among occupations?
A
Length and cost of training
B
Supply of labour
C
Attractiveness of the job
D
influence of trade unions
correct option: b
Users' Answers & Comments33
A legal tender is any
A
form of money
B
means of exchange authorized by the state
C
commodity generally acceptable as a meduim of exchange
D
total productivity of labour
correct option: c
Users' Answers & Comments34
Wages are to some extent determine by the
A
Marginal utility of labour
B
Marginal productivity of labour
C
Average productivity of labour
D
Total productivity of labour
correct option: b
Users' Answers & Comments35
Inflation in any economy
A
Has no monetary connection
B
Implies a sustained decrease in the general price level
C
Always increase the value of national currency
D
Tends to redistribute income arbitrarily
correct option: d
Users' Answers & Comments36
which of these does not encourage industrial development?
A
Tax exemption
B
Provision of financial institution
C
Provision of infrastructural facilities
D
Limitation of markets for industruial products
correct option: d
Users' Answers & Comments37
which of these does not encourage industrial development?
A
Tax exemption
B
Provision of financial institution
C
Provision of infrastructural facilities
D
Limitation of markets for industruial products
correct option: d
Users' Answers & Comments38
Industry can simply be defined as
A
Many firms producing different products
B
A firm or firms producing similar goods and services
C
Different firms producing different goods
D
Different firms producing equal number of similar goods and services
correct option: b
Users' Answers & Comments39
The reward of a debenture holder of a public company is a fixed rate of
A
Interest
B
Return
C
Dividend
D
Rent
correct option: a
Users' Answers & Comments40
The downward sloping of the Average Revenue curve of the monopolist indicates that he
A
Can control both output and price
B
Can only break-even
C
Can control either the output or the price, but not both
D
Can’t control anything
correct option: c
Users' Answers & Comments