WAEC Past Questions and Answers - Page 3615

18,071.

An industry can best be described as

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

Correct answer is C

No explanation has been provided for this answer.

18,072.

The movement along the same curve is a

A.

Change in demand

B.

Change in quantity demanded

C.

Shift in demand

D.

Market demand

Correct answer is B

No explanation has been provided for this answer.

18,073.

Net migration is the difference between

A.

Population and census

B.

Immigrants and emigrants

C.

Per capita income and population

D.

Internal and external migration

Correct answer is B

No explanation has been provided for this answer.

18,074.

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

A.

Occupational mobility of labour

B.

Horizontal mobility of labour

C.

Vertical mobility of labour

D.

Geographical mobility of labour

Correct answer is A

No explanation has been provided for this answer.

18,075.

One economic implication of over-population is that it

A.

Leads to low demand s of goods

B.

Reduce balance of payment difficulties

C.

Leads to a fall in per capital income

D.

Reduce pressure on the available social facilities

Correct answer is C

No explanation has been provided for this answer.