Economics Past Questions

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4031

The bulk of West African foreign trade is directed away from Africa to Europe and America. What are the reasons for this?

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4032

Discuss the important role played by agriculture in the economy of your country. 

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4033

(a) What are the objectives of the Organisation of Petroleum Exporting Countries (OPEC) ?
(b) What are the problems of the OPEC?
(c) What remedies have been adopted to curtail them? 

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4034

A demand which gives rise to the reverse of the law of demand is__________

  • A. Derived demand
  • B. Joint demand
  • C. Abnormal demand
  • D. Composite demand
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4035

If two commodities are unrelated, a change in the price of one will____________

  • A. have effect on the quantity demanded of the other
  • B. have no effect on the quantity demanded of the other
  • C. increase the quantity demanded on the other
  • D. decrease the quantity demanded on the other
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