Economics Past Questions and Answers

Explain any four of the following terms:
(a) Nationalization
(b) Commercialization
(c) Privatization
(d) Indigenization
(e) Joint Ventures.

(a) Distinguish between cost-push inflation and demand pull inflation.
(b) Explain any four ways of controlling inflation.

(a) Define the term unemployment.
(b) Highlight the effects of unemployment on an economy.

Write notes on each of the following:
(a) Savings account
(b) Current account
(c) Fixed deposit account.

In what ways is foreign trade different from domestic trade?