cameroon gce june 2016 Economics Paper 2

cameroon gce june 2016 Economics Paper 2

To Download cameroon gce june 2016  Economics  Paper 2 A level  click on the link Below

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SECTION A

1.

(a) What are the main features of small firms?   (8  marks)

(b) Explain the role of small firms in the Cameroon economy.      (12 marks)

2.

(a) How do the forces of demand and supply determine the price of a product in a free market?  (8   marks)

(b) Explain  why the quantity demanded of a product tends to rise as price falls.      (12 marks)

3.

In a perfect market, it is possible for some firms to be making abnormal profits, others normal profits and yet  others making losses. Explain.             (20 marks)

4.

(a) What are the characteristics that distinguish profit from other factor incomes? (8marks)

(b) Explain the role of profit in an economy           (12marks)                   

SECTION B

5.

 (a) Explain the factors that determine the size of a coutry’s national income (10marks)

  (b) What problems are encountered in measuring national income? (10 marks)

6.

 (a) Explain why money is important in an economy.  (8    marks)

(b) Why do people prefer to hold money in liquid form?  (12 marks)

7.

“Budget deficits and budget surpluses are different budgetary options which the government may adopt for

various reasons”. Discuss.                                (20 marks)

8  .

What are the advantages and disadvantage   of a high exchang rate?                      (20 marks)

SECTIONC

9.

(a) What is product innovation?    (8 marks)

(b) Explain the importance of a new product to a company. (12 marks)

10.

(a) Describe the qualities of a good manager. (10 marks)

 (b) Explain the role of a manager in a company.(10 marks)

 

 

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