Category: 2018 D03 Eco

Q. a) Describe any two (2) criteria that differentiate the free economic system and central planning economic system. (10 marks) b) Describe any five (5) difference between Domestic Trade and Read More …

Q. a) Describe the difference between the balance of payments and the balance of trade. (10 marks) b) Explain the difference between macroeconomics and microeconomics. (10 marks) (20 marks, 2018 Read More …

Q. a) Explain the difference between firm and industry. (10 marks) b) Explain the following two (2) types of inflation: i. Cost-push inflation (5 marks) ii. Demand-pull inflation (5 marks) Read More …

Q. Describe the following four (4) factors in production. a) Labour (5 marks) b) Land (5 marks) c) Capital (5 marks) d) Entrepreneurs (5 marks) (20 marks, 2018 Q4) A. Read More …

Q. Define the following categories of goods with appropriate example: a) Free Goods (5 marks) b) Public Goods (5 marks) c) Producer Goods (5 marks) d) Consumer Goods (5 marks) Read More …

Q. a) Discuss the difference between demand-pull inflation and wage pull inflation. (10 marks) b) Discuss how the following policies control the economy situation. i. Monetary Policy (5 marks) ii. Read More …

Q. a) Explain the difference between Current Deposits and Saving Deposits. (10 marks) b) Describe the difference between explicit costs and implicit costs by definition, concept and appropriate examples. (10 Read More …

Q. a) Describe the main functions of commercial banks based on the two (2) following aspects: i. Acceptance of deposits (5 marks) ii. Loan Facilities (5 marks) b) Discuss two Read More …