Ethics Cat 1 Past Paper Question Paper

Ethics Cat 1 Past Paper

Course:Diploma In Pharmacy

Institution: Stepup Training Institute question papers

Exam Year:2005

Time: 1 Hour
1.Define the following terms (5 Marks)
(a) Economics
(b) Demand
(c) Supply
(d) Cross Price Elasticity
(e) Sales promotion

2.What are the factors that affect the supply of a commodity in the market? (5 Marks)

3.What are the factors that influence the demand of a commodity in the market.(5 Marks)

4.What are the functions if price in a market? (4 Marks)

5.Differentiate between economic development and economic welfare. (2 Marks)

6. Discuss the three factors that determines the economic welfare in a country.(6 Marks)

7.Differentiate between the following terms. (3 Marks)
(a) National income and per Capita income.
(b) Micro-economics and Macro-economics.
(c) Substitutes and Complimentary commodities.

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