Scribd
Upload
293 views2 pages

African Tabata Secondary School

This document contains instructions for an Economics exam consisting of three sections - Section A with three compulsory questions, Section B with five questions to choose two from, and Section C with two questions. Students must answer a total of six questions, choosing at least two from each section. They have 3 hours to complete the exam, which is out of 20 marks per question. Non-programmable calculators may be used, but cell phones are prohibited. Students must write their exam number on each page.

Uploaded by

Ommh Arriy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
293 views2 pages

African Tabata Secondary School

This document contains instructions for an Economics exam consisting of three sections - Section A with three compulsory questions, Section B with five questions to choose two from, and Section C with two questions. Students must answer a total of six questions, choosing at least two from each section. They have 3 hours to complete the exam, which is out of 20 marks per question. Non-programmable calculators may be used, but cell phones are prohibited. Students must write their exam number on each page.

Uploaded by

Ommh Arriy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 2

AFRICAN TABATA SECONDARY SCHOOL

ANNUAL EXAMINATION
ECONOMICS - 1
FORM V
Time: 3:00 Hours July 14, 2020

INSTRUCTIONS:

 This paper consists of eight (8) questions in section A ,B and C


 Answer five (6) questions choosing at least two (2) questions from each section
 Each questions carries twenty (20) marks
 Non – programmable calculators may be used
 Cellular phones are not allowed in the examination room
 Write your Examination number on every page of your answer sheet(s)

SECTION A
Answer two (2) questions from this section question (ONE) is compulsory

1. (a) what does mean by production function?


(b) The expression Q = 10 + 12L – L2 shows total output Q varies with the input of man –hours L.
Give an algebraic expression for:
(i) Average product
(ii) Marginal product
(iii) What it the size of possible maximum output?

2. (a) Outline five functions of a market


(b) Examine five factors that influence the extent of the market.

3. (a) Briefly explain the concept of scarcity as it is used in economics.


(b) The problem of scarcity is solved differently in various economic systems.
Narrate.

SECTION B
Answer at least two (2) questions from this section

4. (a) Briefly explain five features of land as a factor of production


(b) Critically examine five factors that affect land productivity.

5. (a) With diagrams, differentiate between demand and supply.


(b) The price of a commodity is the only factor that determines the demand of a
Commodity. Discuss (five points).

6. (a) with examples, explain all phases of trade cycle

1
SECTION C

7. Differentiate the following economics terms.


(i) Economic systems Vs Economics Laws
(ii) Exchange Vs Production
(iii) Scarcity Vs Shortage
(iv) The laws of diminishing return Vs Laws of Demand and supply
(v) Trade cycle Vs Market

8. Boom is the grace period. Explain why sometimes government by using different policies
remove economic boom?( Give 4 points)
9. (a) Study the table below and then answer the questions that follows

labour land

You might also like