Advanced level 2025 South West regional mock Economics 3
Advanced level 2025 South West regional mock Economics 3
- a) Briefly distinguish between economic growth and economic development. (4 marks)
b) List four policy instruments that the government can implement in order to achieve its macroeconomic objectives. (4 marks)
c) State four obstacles to economic growth in developing countries. (4 marks)
d) With the aid of a diagram, distinguish between potential and real economic growth. (5 marks)
e) (dentify three indicators of economic development apart from those mentioned in the text. (3 marks)
- a) i. Enumerate any 4 methods used by countries to restrict international trade. (4 marks)
- ii. Give two arguments advanced in support of trade protection. (2 marks)
- c) i. Explain what is meant by the terms “absolute advantage” and “comparative advantage”. (4 marks)
- b) Under what condition will two countries have a) no basis for trade? (2 marks)
- b) a basis for trade? (4 marks)
- d) List any four problems faced by Cameroon in international trade. (4 marks
- e) Name two bases for international trade. (2 marks)
