Cameroon GCE advanced level June 2025 economics 1
Cameroon GCE advanced level June 2025 economics 1
“Economic goods are scarce goods”.
The meaning of the word “scarce”
in this quotation is that
A there are very few of these goods.
B there are insufficient goods to meet
effective demand at a given time.
C the goods are limited in supply to
households.
D there are not enough of the goods to meet
all our wants.
1.
One of the motives of horizontal integration is
A more efficiently reorganise
production.
B diversify output.
C safeguard delivery of raw materials.
D secure an adequate number of market
outlets.
7.
to
When a public company new shares by
writing to its existing shareholders offering
them the chance of buying them in proportion
of their existing shareholdings, this is referred
8. issues
The aspect of economics which is concerned
with answering the question of ‘what is?’ or
‘what will be?’ is
A positive economics.
B deductive economics.
C nonnative economics.
D inductive economics.
2.
to as
A placing.
B rights issue.
C offer for sale.
3. In a mixed economy, D issue by tender.
A profit is the main motivating factor.
B the role of the price mechanism is
absent.
C resources are privately owned.
D there is some degree of consumer
sovereignty.
Question 9 refers to the following
list of goods: collective goods,
merit goods, public producer goods, public
goods.
From the list above, choose the item
which best describes a state University
in Cameroon.
A Collective good.
B Merit good.
C Public Producer good.
D Public good.
9.
In a market economy,
A most of the resources are state–owned.
B decision making is centralized.
C production is planned on the basis of
needs.
D allocation of resources is determined
mostly by the price mechanism.
4.
10. The Malthusian theory of population
is based on
A the law of diminishing returns to the
variable factor.
B the fact that population is a source of
labour and market for goods and
services.
C the law of diminishing returns to scale.
D the fact that population grows faster than
food production.
A country with a population of
20 million people experiences 500,000
births and 300,000 deaths in the
same year,1990. Its natural growth
rate is
A 25%.
n 15%.
As resources are shifted from the production of
one good to the production of another, this can
be shown by
A a movement along the production
possibilities frontier.
B an outward shift of the production
possibilities frontier.
C an inward shift of the production
possibilities frontier.
U an outward shift in the production
possibilities frontier.
Tertiary production includes
A insurance.
B extraction.
C vehicle manufacturing.
13 fishing.
5.
11.
J.
C 1%.
13 10%.
