(a) Outline any four objectives of a price control policy.

(b) Highlight any four effects of a maximum price control policy.

(a) What are infant industries?

(b) State any four reasons for protecting infant industries.

(c) Outline any three ways by which industries can be financed in West Africa.

(a) What is balance of payment disequilibrium?

(b) Explain the two types of balance of payment disequilibrium.

(c) Highlight any four reasons most West African countries are experiencing balance of payment problem.

(a) What is deflation?

(b) Outline any three positive effects of deflation.

(c) Explain the ways by which inflation affects any three functions of money.

(a) What is protective tariff?

(b) Outline any four reasons in favour of protective tariff.

(c) State any two reasons against protective tariff.