G.C.E O/L ECONOMICS 2012 PAPER 2
1 (a) Explain the following economic terms
(i) Supply of labour
(ii) Efficiency of labour
(b) State and Explain FOUR advantages and two limitation of division of labour
2 This question is based on the following demand and supply schedule for commodity X
| Price per unit (FCFA) | Quantity demanded (Kg) | Quantity supply (kg) |
|---|---|---|
| 350 | 10 | 50 |
| 300 | 15 | 40 |
| 250 | 25 | 25 |
| 200 | 40 | 15 |
| 150 | 60 | 10 |
(a) What is the market price and why?
(b) Calculate the price elasticity of supply when price changes from 250FCE to 200FCFA.
(c) State and explain FOUR factors influencing the demand for commodity X
(d) State and explain three factors that will influence the supply of commodity X
3 (a) How do commercial banks create credit?
(b) State and explain any Six limitation to the process of credit creation
4 (a) Why is it necessary for countries to place restriction on international trade? Give five reasons
(b) state and explain five methods by which restrictions are carried out
5 (a) With the use of examples define the following:
(i) Mass unemployment.
(ii) Structural unemployment.
(b) state and explain three causes of unemployment in Cameroon?
(c) State and explain any four remedies to unemployment.
Essouma ndogo Essouma ndogo
January 11, 2019
Nice but slow
Minkoulou
April 24, 2019
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Mark
May 23, 2019
Pls i want 2019,questionseconomics