cameroon gce advanced level June 2022 economics 1

cameroon gce advanced level June 2022 economics 1

cameroon gce advanced level June 2022 economics 1

If by creating a private garden, passers-by enjoy
its view, this can be referred to in Economics as
a free good.
B freeriding.
C social benefit.
D positive externality.
Question 7 is based on Table I showing the
number of workers and the annual output of an
A industry.
‘fable I
Year 1 Year 2 Year 3
No. of
Workers
110,000 120,000 100,000
Economics is a science which deals basically
with Output 15,000,00 14,000,00
(tons)
7. It can be concluded that labour productivity.
A declines in year 2 and increases in year 3.
B increases in year 2 and declines in year 3.
C is at its lowest in year I.
D is at its highest in year 2.
13,000,000
A the allocation of scarce resources. 0 0
B what and how to produce?
C scarcity, where and for whom to
produce?
D unlimited human wants.
In certain circumstances, a centrally planned
economy adopts the rationing system because of
A low real and money income of
consumers.
B transportation
difficulties.
C the need for equitable distribution of
goods and services.
D the scarcity of goods and services in the
market.
->.
8. The percentage of a company’s profit that is
distributed to shareholders is known as
A interest.
B profit.
C dividend.
D yield.
and distribution
*
The type of pricing policy used by
multinational corporations to shift profit from
high tax countries to low tax countries is
known as
A limit pricing.
B transfer pricing.
C predatory pricing.
D skimming pricing.
9.
Which of the following characteristics of a free
market economy is implied in the statement,
“the decisions of producers determine the
supply of a good; the decisions of the
consumers determine the demand”?
A Freedom of choice and enterprise.
B The absence of government intervention.
C Self-interest is the dominating motive.
D There is competition among producers
and consumers.
4.
10. An accurate population census of a country’ is
of economic importance because it helps
A in providing a basis for formulating
economic policy.
B in solving unemployment problems
C to reduce false declarations made by
people.
D to ensure equitable population
redistribution
5. Which of the following statements about factors of
production is correct?
A Capital comprises the money which the
owners of firms need in order to start
business.
B Land refers only to dry land surface
area.
C Labour refers only to the mental efforts
ofhumans.
D Entrepreneur is the manager of a
business.
Question 11 is based on table 2.
Table 2
% of population
Age rangc(years) 1990 1995
1-17 25 20
18-59 40 42
60 and above 35 38
II. It can be concluded that the dependency ratio
between 1990 and 1995
A increased by 2 %.
B increased by 5%.
C reduced by 2%.
D reduced by 5%.
Firms usually set up close to each other in
order to take advantage of
A external economies of scale.
B internal economies of scale.
C financial economies of scale.
D market economies of scale.

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