Advanced level 2026 South West mock Economics 2

This fourth image contains questions from an Economics examination paper, divided into Section A (Microeconomics focused) and Section B (Macroeconomics focused).

Here is the extracted text:

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SECTION A

1. a) Discuss the factors that determine the optimum size of a population. (10 Marks) b) What are the negative effects of labour immobility to an economy? (10 Marks)

2. a) With the aid of diagrams, show how elasticity of supply varies with time. (12 Marks) b) Explain the causes of increase in demand for a good. (8 Marks)

3. a) Using an appropriate diagram, explain why a private monopolist will operate only on the elastic portion of its market demand curve. (10 Marks) b) Discuss the economic reasons for government regulation of monopoly. (10 Marks)

4. a) Examine the economic effects of imposing a minimum wage in a competitive labour market. (12 Marks) b) Explain the economic reasons that justify the payment of interest? (8 Marks)

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SECTION B

5. a) With the aid of diagrams, explain the circumstances under which the desire to save more may lead to less being saved. (10 Marks) b) Discuss the factors that can cause changes in a country’s level of national income. (10 Marks)

6. a) Describe the different types of deposits accepted by Commercial banks in Cameroon. (12 Marks) b) Explain the qualities that make the Franc CFA a good form of money in Cameroon? (8 Marks)

7. a) Describe the components of the balance of payments. (12 Marks) b) Outline the arguments for trade liberalization by countries? (8 Marks)

8. a) Explain the conflicts that may arise between macroeconomic objectives? (12 Marks) b) Why is economic growth a desirable macroeconomic objective in Cameroon? (8 Marks)

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Would you like me to help you sketch out the diagrams required for questions 2, 3, or 5, or perhaps provide a summary of the “Paradox of Thrift” for question 5a?