Economics Past Questions and Answers

(a) Explain any two causes of a declining population:<br/>(b) Outline any three factors which determine the size of your country's working population. <br/>

(a) Describe each of the following:<br/>(i) Abnormal demand<br/>(ii) Effective demand<br/>(b) Give three reasons for the occurrence of abnormal demand.<br/>

(a) Outline any two objectives of a price control policy.<br/>(b) Highlight any three effects of a maximum price control policy. <br/>

(a) What are public corporations?<br/>(b) State any four merits of public corporations.

(a) Distinguish between:<br/>(i) a firm and an industry.<br/>(ii)location and localization of industry.<br/>(b) Describe any four factors which influence the location of industries in your country.