Discuss five factors that limit the effectiveness of monetary policies in developing countries.
Outline five problems associated with the expenditure approach of measuring the national income of a country.
Explain the term “optimal size of a firm”.
Analyse six uses of elasticity of demand in decision making.
State six effects of price decontrols to an economy.
Outline four arguments upon which trade unions base their demand for increase in wages for unionisable employees.
Argue five cases for and five cases against specialisation as a method of production.
“All giffen goods are inferior goods but not all inferior goods are giffen goods”. Using a relevant diagram, explain the above statement.
With the aid of a diagram, describe the concept of unstable market equilibrium.
State seven economic goals of developing countries.