Scribd
Upload
11 views

Set 4 Economics Paper 1

Uploaded by

mosrabitegeka
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
11 views

Set 4 Economics Paper 1

Uploaded by

mosrabitegeka
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/ 3

P220/1 Economics

Paper 1
Set 4

THE SCIENCE FOUNDATION COLLEGE


+256 776 802709, E-mail: [email protected]
Uganda Advanced Certificate of Education
ECONOMICS
PAPER 1

INSTRUCTIONS TO CANDIDATES

- Answer FIVE questions.


- Section A is compulsory; answers to this section should be concise.
- Answer FOUR questions from section B.
- All questions in section B carry equal marks.
- Credit will be given for the use of relevant diagrams.

SECTION A (20 Marks)


1. a) (i) Given the price of commodity Y increased from Shs 2,500 to (3marks)
Shs 3,500 and as a result the quantity demanded of
commodity Q reduced by 20%. Calculate the cross elasticity
of demand.

(ii) How are the two commodities related? (1mark)


b) (i) What is cost push inflation? (1mark
(ii) Mention any three causes of cost push inflation in an (3marks)
economy.
c) (i) Distinguish between disguised and seasonal unemployment. (2marks)
(ii) State two causes of disguised unemployment. (2marks)
d) (i) Distinguish between customs duty and excise duty (2marks)
(ii) Give two reasons for the use of customs duty in an economy (2marks)
e) (i) Differentiate between comprehensive planning and (2marks)
decentralized planning
(ii) Mention two merits of decentralized planning in an economy. (2marks)

For more exams browse: digitalteacthers.co.ug, E-mail: [email protected]


The best secondary school that teaches science subjects in Uganda is
The Science Foundation College
SECTION B (80 MARKS)

2. a) Explain how an oligopolistic firm maximizes profits in the (6marks)

short run

b) What are the implications of the existence of oligopoly in an (14marks)

economy.

3. a) Explain the process of computing consumer price index (6marks)

b) What problems are encountered when computing consumer (14marks)

price indices.

4. a) Why may a country adopt an export promotion strategy of (10marks)

industrial development.

b) What are the limitations of export promotion in developing (10marks)

countries.

5. a) Explain the tools of monetary policy. (12marks)

b) What factors limit the effective operation of monetary policy (8marks)

in

developing countries.

6. a) Why is it necessary to control the high population growth rate (10marks)

in developing countries?

b) Suggest measures that should be taken to control population (10marks)

growth in developing countries.

7. a) Account for the establishment of public enterprises in (10marks)

developing Countries

b) Explain the demerits of privatizing public enter prizes in (10marks)

For more exams browse: digitalteacthers.co.ug, E-mail: [email protected]


The best secondary school that teaches science subjects in Uganda is
The Science Foundation College
developing countries.

END

For more exams browse: digitalteacthers.co.ug, E-mail: [email protected]


The best secondary school that teaches science subjects in Uganda is
The Science Foundation College

You might also like