GCE A - LEVEL ECONOMICS PAPER 2 JUNE 2015, 2016, 2018
QUESTIONS FACED IN THE GCE June 2015
SECTION A:
"Despite the numerous advantages of market economy system some countries still prefer the planned economic system". Discuss- a. Distinguish between a change in supply and a change in quantity supplied. b) What factors will lead to an increase in supply?
- Explain a) The similarities and b) The differences between Perfect competition and monopolistic competition.
- a) What do you understand by piece rate and time rate as methods of reward for labour? b) What are the advantages and disadvantages of the piece rate method?
SECTION B:
- Why might an increase in money national income not necessarily lead to an increase in the standard of living in a country?
- The Franc CFA is money used in Cameroon, Why is it considered as good money?
- Explain the principles of taxation and give reasons for the imposition of tax.
- a) What constitude the current account for balance of payment? b) How may favourable terms of trade improve upon a country's balance of payment situation?
SECTION C:
- what factors will a manager take into consideration when setting the price of product?
- Examine the benefits and costs of multinational companies to the economy of Cameroon.
QUESTIONS FACED IN THE GCE JUNE 2016
SECTION A:
- a) What are the main features of small firms? b) Explain the role of small firms in the Cameroon economy.
- In imperfect market, it is possible for some firms to be making abnormal profit, others normal profit and yet others making losses. Explain
- a) What are thye characteristics that distinguish profit from other factors incomes? b) Explain the role of profit in an economy.
SECTION B:
- a) Explain the factors that determine the size of of a country's national income. b) What problems are encountered in measuring national income
- a) Explain why money is important in an economy. b) Why do people prefer to hold money in liquid form?
- What are the advantages and disadvantages of high tax exchange rate?
SECTION C:
- a) Describe the qualities of a good manager. b) Explain the role of a manager in a company.
- a) What is product innovation? b) Explain the importance of a new product to a company.
QUESTIONS FACED IN THE GCE JUNE 2018
- a) State the assumption of the production possibility curve. b) Describe the various shapes of the production possibilities curve.
- a) What is meant by price elasticity of supply? b) Why is the price elasticity of supply of a good likely to vary over time?
- a) With the aid of a diagram, explain the use of marginal cost pricing by nationalized industries. b) What are the effects of this pricing policy?
- a) Distinguish between economic rents and transfer earnings. b) With the aid of diagrams, explain the determinants of the amount of transfer earnings for a factor of production.
- How has money solved the problems of trade by barter?
- a) What are the main uses of government expenditure? b) Account for the increasing government expenditure in Cameroon.
- a) With the aid of diagrams, explain how the government of a country can maintain the external value of its currency in a fixed exchange rate regime.
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