Economics Past Questions and Answers

The basic principle underlying location of industry is the tendency for production of a commodity to be located on the basis of______

The birth rate in 1976 for a certain country with a population of 10m was 8.0. This means that in 1976,___________

External economies arises essentially from__________

Assume that, for a certain country in a given year, the index of import prices stands at 102, the index of export prices stands at 106. The terms of trade are (to the nearest whole number)

Which of the following persons is engaged in "Secondary Production"?
I - a bricklayer
II - an automobile assembly-line worker
III - an accountant
IV - a cinema projectionist