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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:2009



Diploma course in management

Section I

June 2009 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 various sources of monopoly power (20 marks)

2.Explain the primary functions of commercial banks (20 marks)

3.With the help of a diagram, explain the law of variable proportions (20 marks)

4.Explain any five measures that may be taken to solve unemployment in Kenya. (20 marks)

5.Examine the advantages of non banking financial institutions (20 marks)

6.Outline the characteristics of good money (10 marks)

b) Discuss the importance of elasticity of supply in economic analysis (10 marks)

7. Access the limitations of consumer sovereignty (10 marks)

b) Explain the factors that influence the level of savings in an economy. (10 marks)




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