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Economics Question Paper

Economics

Course:Diploma Course In Management Section 1

Institution: Kenya Institute Of Management (Kim) question papers

Exam Year:2012

Diploma course in management

Section I

June 2012 Examination

Economics

Time: 3 Hours

Instructions
1. Write your index number in the space provided in the answer booklet.
2. Answer any five questions
3. All questions carry equal marks
4. No writing should be done on this question paper
5. Candidates who break KIM examination rules and regulations or commit any malpractice will be Disqualified

1.Discuss the following terms as used in economics

i)Cross elasticity of demand (5 marks)
ii)Prie mechanism (5 marks)
iii) Specialization (5 marks)
iv)Mixed economic system (5 marks)

2.Highlight the causes of unemployment in a less developed country (20 marks)

3.Distinguish between deductive and inductive method (20 marks)

4.Apply your knowledge of economics to demonstrate how a country can use the fiscal policy measures to control inflation (20 marks)

5.Examine the reasons which may influence a country to join an economic system like COMESA (20 marks)

6.Discuss the role IMF plays in economic development of member states (20 marks)

7.Define underemployment (5 marks)

b) Draw a distinction between perfect competitive market and oligopoly (15 marks)

Economics Question Paper

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