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Economics

Economics · Quick practice · answer shown after each question

Firms and industrialisation

Question 1 of 10

Question 1 of 10

Economies of scale are

Question 2 of 10

Question 2 of 10

A firm is

Question 3 of 10

Question 3 of 10

Ghana's One District, One Factory policy is aimed mainly at

Question 4 of 10

Question 4 of 10

Vertical integration is a merger between firms

Question 5 of 10

Question 5 of 10

A group of firms producing the same or similar products is

Question 6 of 10

Question 6 of 10

Infant industries need protection because they

Question 7 of 10

Question 7 of 10

Locating a factory near its raw materials is important when the raw materials are

Question 8 of 10

Question 8 of 10

A disadvantage of industrialisation is

Question 9 of 10

Question 9 of 10

A merger of firms at the same stage of production is

Question 10 of 10

Question 10 of 10

The optimum firm size is where

Questions written by OtisamLMS in the style of the WASSCE. They are not WAEC past questions.