Economics Past Questions and Answers

(a) Define mobility of labour.<br/>(b) Describe any four factors influencing the supply of labour.

(a) What is international trade? <br/>(b) Explain any four advantages of international trade.

(a) Outline any five reasons why small scale firms are common in West Africa. <br/>

(a) Explain with examples the terms competitive demand and complementary demand. <br/>(b) With the aid of diagrams, analyse the effect of a decrease in the import duty on cars on the price and consumption of petrol.

(a)What is the demographic transition theory?<br/>(b) Explain the three stages of the theory.