cameroon gce O level June 2024 Economics 2

cameroon gce O level June 2024 Economics 2

cameroon gce O level June 2024 Economics 2

1. (a) Define the following;
Immigration.
(ii) . Population census.
(iii) Death rate.
(iv) Rural exodus.
(i)
(2+2+2+2=8 marks)
(b) State and explain Four (04) effects of rural urban migration to the urban centres. (8 marks)
(c) Distinguish between a growing population and an ageing population. (4 marks)
2. (a) Define the following;
(i) A Plant.
(ii) A Firm.
(iii) Vertical integration.
(iv) Conglomerate. (2+2+2+2 = 8 marks)
(6 marks)
(6 marks)
State and explain Three (03) examples of external economies of scale.
Explain Three (03) importance of small firms to the economy of Cameroon.
(b) (i)
(ii)
3. (a) Study the table below which shows the demand and supply schedule for fish in a cold store and answer the
Questions that follows;
Price(Fcfa) Quantity Demanded Quantity
(kg) Supply (kg)
100 10000 200
200 8000 500
400 4000 1500
500 2000 2000
600 1000 4000
700 750 6000
(b) (i) What is the equilibrium price and why?
(ii) Calculate the Price Elasticity of demand as price rises from 400frs to 600frs.
(1+1=2 marks)
(4 marks)
(c) If the government fixes the price of fish at 600frs per kg;
(i) What name will you give to such a price?
(ii) How many kgs will the government have to buy in order to enforce this price?
(iii) Supposed the government instead imposed a price of 200frs per kg. list four effects of such a price?
(4 marks)
(6 marks)
(2 marks)
(2 marks)
(d) State and explain any three factors that will influence the demand for a commodity
4. (a) Explain any Four (04) qualities of good money. (8 marks)
(b) (i) State and explain Three (03) ways by which commercial banks create credit. (6 marks)
(ii) State and explain Three (03) limitations of the ability of commercial banks to create credit. (6 marks)

• Paper 1