by Sunday | Nov 8 | Economics WAEC
A. company is making a higher profit B. productivity of workers has increased C. members of the union have high qualifications D. commodity produced by the workers is very essential Correct Answer: Option C C. members of the union have high...
by Sunday | Nov 8 | Economics WAEC
A. industrial labour mobility B. horizontal occupational mobility C. vertical occupational mobility D. geographical mobility Correct Answer: Option C C. vertical occupational mobility Explanation When a worker of a lower grade and status in an occupation moves to...
by Sunday | Nov 8 | Economics WAEC
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 Correct...
by Sunday | Nov 8 | Economics WAEC
A. Increase wage rate B. labour’s demand for output C. low wage rate D. low marginal productivity Correct Answer: Option C C. low wage rate Explanation Factors that can shift the demand curve for labor include: a change in the quantity demanded of the product...
by Sunday | Nov 8 | Economics WAEC
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 Correct Answer: Option B B. job seekers lack information where jobs exist Explanation...