10 Important Economic Exam Questions

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Solutions to Key Economic Questions from on Past Papers.

1. It is always more difficult to increase the supply of agricultural goods than manufactured goods. Do you agree with this statement? Explain your answer.

2. Do mergers between firms producing similar goods and services always benefit consumers? Give reasons for your answer.

3. Do the advantages of economic growth outweigh the disadvantages? Give reasons for your answer.

4. When the exchange rate of a currency depreciates, the balance of trade improves. Do you agree with this statement? Give reasons for your answer.

5. To what extent are changes in the population of a country the main factor affecting demand for mobile phones?

6. Assess the effects of an ageing population on the firms in an economy.

7. The benefits to the economy of regional policy are greater than the disadvantages. Do you agree with this statement? Give reasons for your answers.

8. Do the advantages of international borrowing outweigh the disadvantages for a developing country? Give reasons for your answer.

9. There are no disadvantages of joining a customs union for a country, only advantages. Do you agree with this statement? Give reasons for your answer.

10. Japan is developing closer links with the ASEAN trade bloc. The advantages for a country of being a member of a trade bloc exceed the disadvantages. Do you agree with this statement? Give reasons for your answer.

11. How far is it possible for trade unions in a mixed economy to increase wages and protect employment of members?

Educational Level

Secondary Education

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