cameroon gce O level June 2023 Economics 1
cameroon gce O level June 2023 Economics 1
A good example of an incorporated business
unit is;
A Sole proprietor
- Partnership
C Joint stock company
- Cooperative society
- 2. A perfectly inelastic demand curve will be;
A Vertical
- Horizontal
C Upward sloping
- Downward sloping
- .This Question is based on the cost schedule
below;
| Output (units) | Total cost (Fcfa) |
| 0 | 1000 |
| 1 | 2500 |
| 2 | 6000 |
| 3 | 9600 |
What is the fixed cost of the second unit of output produced?
A 3500fcfa
- 1000fcfa
C 2400 fcfa
- 2000 fcfa
- The low level of industrialization in Cameroon
is caused by;
A High level of immigration
- Availability of skilled labour
C Abundance of raw materials
- Inadequate infrastructural development
- The most profitable function of a commercial
bank is;
A Accepting deposit
- Granting loans
C Keeping valuables
- Offering night safe facilities
- Contractual payments made to owners of land
and capital are ;
A Rent and interest
- – Rent and dividend
C Wages and interest
- Rent and wages.
- A man has a monthly income of 200,000 frs
and the tax rate is 5%. Determine his
disposable income? A 10,000fcfa
- 210,000 fcfa
C 200,000 fcfa
- 190,000 fcfa A perfect definition of “demand” must
contain the following;
A Price and time
- Price and quantity
C Price, quantity and time
- Time and quantity
- A principle of taxation that requires that the
tax yield be more than the cost of collection, is;
A Economy
B Convenience
C Certainty
D Equity
- The documents given to company promoters
by the registrar of companies are;
A Certificate of trading and prospectus
- Certificate of incorporations and certificate of trading
C Article of association and prospectus
- Memorandum of association and article of association
- When the government through the central
bank, decides to reduce the supply of money in an economy, the objective will likely be;
A To promote economic growth
- To solve problems of unemployment C To curb inflation
- To redistribute income
- If an increase in the price of good X leads to
an increase in the demand for good Y, goods X and Y represent;
A Joint demand
- Derived demand
C Composite demand
- Competitive demand
- The population where by a greater proportion
is made up more of the young and adult is referred to as;
A Working population
- Ageing population C Growing population
- Under population
- The inability for a teacher in Yaounde to
become a lawyer in Bamenda is brought about by;
A High cost of housing
- Strong social ties
C Disruption of children’s education
- Lengthy period of training
mbongjessica964@gmail.com
September 1, 2023
Please I need the right answer to the questions so I can know where I am correct or wrong to my own answers
PMA DIOR
September 8, 2023
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PMA DIOR
September 8, 2023
It was very good and it is going be of great help to me because I’m writing GCE O level this academical year. Thank you
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October 5, 2023
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Bisong favour
October 16, 2023
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March 5, 2024
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TADE
April 1, 2024
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Silo
May 20, 2024
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Silo
May 20, 2024
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Andy
May 21, 2024
Help me wit economic