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justLETAK! MAIN SITE > Archive for 2018 D03 Eco

Category: 2018 D03 Eco

Free vs Central Planning Economic System and Domestic vs International Trade Q1

03/09/2018 Thomas Sim PEA2066

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 …

2018 D03 Eco1.3

Balance of payments vs trade and Micro vs Macro Economies Q2

03/09/2018 Thomas Sim PEA2066

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 …

2018 D03 Eco1.3

Firm vs Industry and Cost-push vs Demand-pull Inflation Q3

03/09/2018 Thomas Sim PEA2066

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 …

2018 D03 Eco1.3

Factors in Production Q4

03/09/2018 Thomas Sim PEA2066

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 …

2018 D03 Eco1.3

Free, Public, Producer & Consumer Goods Q5

03/09/2018 Thomas Sim PEA2066

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 …

2018 D03 Eco1.3

Demand-pull vs Wage-pull Inflation and Monetary & Fiscal Policies Q6

03/09/2018 Thomas Sim PEA2066

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 …

2018 D03 Eco1.3

Current vs Saving Deposits and Explicit vs Implicit Costs Q7

03/09/2018 Thomas Sim PEA2066

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 …

2018 D03 Eco1.3

Functions of Commercial Bank and Measuring National Income Q8

03/09/2018 Thomas Sim PEA2066

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 …

2018 D03 Eco1.3

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