MID TERM EXAMINATION ON ECONOMICS

(1) Industry can simply be defined as .

(a) Firms producing different products.

(b) A firm or firms producing similar goods and services.

(c) Different firms producing different goods.

(d) Different firms producing equal number of similar goods and services.

(2) Which of the following factors does not encourage the location of industries?

(a) Nearness to the market

(b) Availability of infrastructural facilities

(c) Government influence in sitting industries

(d) Political Instability

(3)