Waec Economics Past Questions For Year 2009
Question 6
A type of unemployment which occurs due to technological progress is called
- A. frictional unemployment
- B. residual unemployment
- C. structural unemployment
- D. mass unemployment
Question 7
choice is necessitated by
- A. demand and supply
- B. cost of production
- C. production possibility curve
- D. scarcity of resources
Question 8
When the price of a commodity increases and the quantity demanded also increases, this is a case of
- A. exceptional demand
- B. derived demand
- C. competitive demand
- D. joint demand
Question 9
The type of demand that exist between torchlight and battery is
- A. competitive demand
- B. complemetary demand
- C. composite demand
- D. joint demand
Question 10
The demand and supply function of a commodity are given as below.
Qd = 20 - 2p
Qs = 6p - 12
Where p = price in naira, Qd = Quantity demanded and Qs = Quantity supplied. The equilibrium price is
- A. 2 Naira
- B. 4 Naira
- C. 6 Naira
- D. 20 Naira
