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ECONOMICS TRY QUESTIONS

1a.Whta is trade Union?
b). Describe any four (4) functions of trade Union.
c). Outline any two(2) weapons used by Trade Unions to achieve their objectives.

2a. Outline any four(4) objectives of a price control policy.
b). Highlight four(4) effects of a maximum price control policy.

3a. What are infant industries?
b). State any four (4) reasons for protecting infant industries.
c). Outline any three (3) reasons for by which industries can be financed in West Africa.

4a. What is a balance of payment disequilibrium?
b). Explain the two (2) types of balance of payment disequilibrium.
c). Highlight any four(4) reasons why most West African countries are experiencing balance of payment problems.

5a What is deflation?
b). Outline any three (3) positive effects of deflation.
c). Explain the way by which inflation effects any three(3) functions of money.


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