Economics Question Paper

Economics

Course:Diploma Course In Management Section 1

Institution: Kenya Institute Of Management (Kim) question papers

Exam Year:2010

Diploma course in management

Section I

September 2010 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.Explain the principles of a good tax system. (20 marks)

2.Examine any six methods adopted by the Central Bank to control credit. (20 marks)

3.Kenya has a development plan known as vision 2030, explain any five goals of the development plan (20 marks)

4.Explain the limitations associated with measuring National Income. (20 marks)

5.Differentiate between a shift of the supply curve and a movement along the supply curve using well labeled diagrams. (20 marks)

6.Briefly discuss the determinants of demand for a normal good. (10 marks)

b) Distinguish between average and total utility. (10 marks)

7. Explain any five functions of money as a medium of exchange. (10 marks)

b) Briefly explain the factors that course a shift of the supply curve (10 marks)

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