Economics Past Questions and Answers

(a) Explain any two causes of a declining population:
(b) Outline any three factors which determine the size of your country's working population.

(a) Describe each of the following:
(i) Abnormal demand
(ii) Effective demand
(b) Give three reasons for the occurrence of abnormal demand.

(a) Outline any two objectives of a price control policy.
(b) Highlight any three effects of a maximum price control policy.

(a) What are public corporations?
(b) State any four merits of public corporations.

(a) Distinguish between:
(i) a firm and an industry.
(ii)location and localization of industry.
(b) Describe any four factors which influence the location of industries in your country.