What factors determine the size of a firm?

(a) What is economic integration?

(b) Outline the characteristics of a customs union. 
 

Distinguish between a perfect market and a monopolistic market. 
 

(a) What is balance of payments deficit?

(b) How is it financed? 
 

The pie chart here represents the hypothetical output of farmers in a country in a particular year. The total output of the crops was 72,000 tonnes. 

(a) Calculate the quantity of each product.
(b) (i) By what quantity is the export crops greater than the food crops?
(ii) Which crop contributed the least and by what quantity?
(iii) Which crop has the highest output?