Describe the contributions of natural resources to the economy of your country.
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1999
Highlight the causes of Balance of payments deficits in your country.
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1999
(a) What is a customs union?
(b) State three advantages and two disadvantages of a customs union.
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1999
How can West African countries promote indigenous industries?
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1999
Why is the small scale trader important in West African countries?
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1999
Explain the advantages and disadvantages of monopoly.
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1999
Distinguish between:
(a) Economic resources and non-economic resources.
(b) Want and Demand.
(c) Money Cost and Real Cost.
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1999
What are the positive and negative effects of inflation on the economy?
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1999
Explain the advantages and disadvantages of a joint stock company as a form of business organization.
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1999
What would be the economic consequences if prices were fixed by the government?
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1999
The table below relates to the application of fertilizer to a fixed area of land and the production of maize. Use the table to answer the questions that follow.Tones of fertilizer AppliedTotal production in BagsMarginal…
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1999
Given the demand function for commodity X Qd = 12 - 2P where Qd is the quantity demanded and P the price of the commodity.P6543210QdUse the demand function to complete the table
(b) Draw the individual's demand curve (u…
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1999
which of the following best describes capital as a factor of production?
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1999
every society strive to pursue all the following economic objectives except
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1999
The price elasticity of coefficient indicates
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1999
The money payment made to owners of land and labour are
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1999
The precautionary motive for holding money is to enable the holder to