DATA RESPONSE IN ECONOMICS

  ASIAN TIGERS The Asian Tigers are made up of four countries in East Asia e.g South Korea, Taiwan, Singapore and Hong Kong.They all went through rapid growth by going through industrialisation since the year 1960s. They were also referred to as third world countries. The major reason behind their growth is that they found their comparative advantage EG Singapore and Hong Kong is considered as intern kmational finance centre why Taiwan and South Korea are majorly manufacturer of information technology equipment. LESSONS FROM THE ASIAN TIGERS Creation of stable macroeconomics environment they were able to create an environment which is conducive to business E.G they were able to achieve success in the area of budget deficit and external debt.. Government investment in education through universal primary education literacy level reduces and increase on cognitive skill. Introduction of export-oriented policy they introduce various policies on health support free trade was also introduced

Population is the total number of people; old, young men and women living in a particular place, area, city and country at a given period of time.      Population census is the official head count of all the people of a given country. It is usually carried out every ten years in Nigeria. Definition of terms 1. Birth rate: This is the total number of birth per thousand of people in a particular year 2. Death rate: It is the total number of death per population in a year. 3. Migration: It is the movement of people between regions or country at the e. Inflow and outflow of people from one place to another. 4. Immigration: It is the movement of people into a country. Such people are referred to as immigrants. 5. Immigration: The movement of people f on their country to another country. Such people are referred to to emmigrants 6. Net migration : It is the difference between the immigrants and emmigrants. POPULATION DISTRIBUTION GEOGRAPHICAL DISTRIBUTION This refers to how people are spread

SELECTED QUESTIONS MCQ 1. Economics is best described as the study of... A. Choice made by successful and Rich individual B. Ways and solution to eliminate scarcity. C. How businessmen maximize their profits. D. How people manage their scarce resources. 2.which all these is most likely a concerned of Economics?. A. The changing weather and season patterns of Western countries. B. The form of government in Iran. C. Factors affecting the volatility of foreign exchange of stock market. D. The effect of fungi on the growth of palm trees. 3. The scarcity definition of economics is credited to A. Adam Smith B. Alfred Marshall C David Ricardo D. Lionel Robinson 4. The father of Economics who formulated the principles of absolute advantage and the invisible hand is. A.Jean-Baptiste Jay B.David Ricardo C.Adam Smith D.Milton Fried Man.  5.The scarcity definition of economics is credited to A. Adam Smith B. Alfred Marshall. C. David Ricardo D. Lionel Robinson. 6. The tools and other equipment emp