cameroon gce june 2013 Economics Paper 2
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1.
(a) State and explain five (05) factors that affect the efficiency of labour. (10 marks)
(b) State and explain five (05) factors that will determine the supply of labour. (10 marks)
2.
Study the table which shows the demand and supply schedules for beans in a local market and answer the questions that follow.
Price Fcfa
|
Demand (000 cups)
|
Supply (000 cups)
|
20
|
400
|
50
|
30
|
300
|
80
|
40
|
200
|
110
|
50
|
150
|
150
|
60
|
100
|
200
|
70
|
80
|
300
|
80
|
50
|
350
|
(a) What is the equilibrium price and why? (3 marks)
(b) Calculate the elasticity of supply as price changes from 50Fcfa to 60Fcfa per cup. (4 marks)
(c) State any three (03) factors that affect the elasticity of supply of beans in the local market. ( 3 marks)
(d) If the government fixed a price of 40Fcfa per cup
(i) What name is given to that price? ( 2 marks)
(ii) Explain any four (04) consequences of such a price in (i) above. (8 marks)
3.
(a) Differentiate between absolute cost advantage and comparative cost advantage . ( 4 marks)
(b) State and explain four (04) restrictions on international trade ( 8marks)
(c) Explain any four (04) reasons for restrictions en international trade (8 marks)
4.
(a) With the aid ofa diagram, differentiate between an optimum population and underpopulation.
(b) The following statistics were extracted from the population census figures of a country A.
Total population 12,000,000 people
Total number of births – 500,000 babies
Total number of deaths – 300,000 people
Number of immigrants – 200,000 people
Number of emigrants – 300,000 people
(i) Calculate the birth rate of country A. ( 3marks)
(ii) Calculate the natural growth rate of the country. ( 5 marks)
(iii) Determine the country’s population growth rate. ( 4 marks)
5.
(a) State and explain five (05) economic advantages for the proposed construction of a cement factory in
Limbe. (10 marks)
(b) State and explain five (05) factors that will determine the level of Economic Growth in a country.
( 10marks)
6.
(a) State and explain any four (04) Canons of taxation. ( 8marks)
(b) State and explain any three (03) advantages of direct taxes. (6 marks)
(c) State and explain any three (03) disadvantages of indirect taxes. ( 6marks )
7.
(a)Explain any four (04) characteristics of a capitalist economic system. (10 marks)
(b) State and explain any four (04) disadvantages of a free market economic system. ( 10 marks)
8.
Define
(i) Money. (2 marks)
(ii) Trade by barter . (2 marks)
(b) Explain four (04) limitations of trade by barter. (8 marks)
(c) Explain four(04) ways by which the introduction· ofmoney has solved the problem of barter? (8 marks)
