Economics Past Questions and Answers

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

(a) What are infant industries?<br/>(b) State any four reasons for protecting infant industries.<br/>(c) Outline any three ways by which industries can be financed in West Africa.

(a) What is balance of payment disequilibrium?<br/>(b) Explain the two types of balance of payment disequilibrium.<br/>(c) Highlight any four reasons most West African countries are experiencing balance of payment problem.

(a) What is deflation?<br/>(b) Outline any three positive effects of deflation.<br/>(c) Explain the ways by which inflation affects any three functions of money.

Human wants are insatiable because wants are