WAEC Economics 2015 Objective — Question 32

Question 32 of 50 from the West African Examinations Council (WAEC) Economics 2015 Objective paper, with the correct answer and a full explanation.

Location of firms of an industry is not influenced by

A. availability of raw materials
B. existence of other firms
C. nearness to the source of money supplyCorrect
D. government policy

Explanation

Firms do not need to be physically near a central bank/source of money supply before they can access funds, since money is portable and can easily be moved - unlike raw materials, agglomeration with other firms, or government policy, which do influence location.

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