Economics Past Questions and Answers

(a) What is crop farming? (2 marks)<br/>(b) Outline any <b>four</b> measures that can be adopted to increase crop production in your country. (12 marks)<br/>(c) State any <b>two</b> contributions of the industrial sector to agriculture in your country. (6 marks)

(a) Highlight any<b> four</b> differences between public limited liability company and a private limited liability company. (8 marks)<br/>(b) Explain any <b>four </b>advantages a limited liability company. (2 marks)

(a) Define gross national income. (2 marks)<br/>(b) Using appropriate examples, distinguish between:<br/>(i) Personal income and disposable income. (6 marks)<br/>(ii) Nominal income and real income. (6 marks)<br/>(c) Outline any<b> three</b> uses of national income statistics. (6 marks)

(a) What is the normal chain of distribution? (2 marks)<br/>(b) State any <b>three</b> functions of middlemen in the chain of distribution. (6 marks)<br/>(c) Highlight any four problem involved in the distribution of goods in West Africa. (12 marks)

Economics is regarded as a science because it?