WAEC Economics Past Questions & Answers - Page 312

1,556.

A review of occupational distribution of population from time to time helps us to know the

A.

Rate of which the population grows

B.

Number of people that makes up the labour force

C.

Efficiency of the working population

D.

Industries which are becoming less important

E.

number of people that are not employed

Correct answer is B

No explanation has been provided for this answer.

1,557.

Economics is a science which studies human behaviours as a relationship between ends and scarce means which have alternative uses. 'Ends' here refers to

A.

Resource

B.

Wants

C.

Choice

D.

Output

E.

Factors

Correct answer is B

One of the many definitions of Economics states “Economics is a science that studies the human behaviour as a relation between unlimited ends and the limited means.

Ends = the human needs/wants. 
Means = resources.