Cameroon GCE ordinary level June 2025 Economics 1
Cameroon GCE ordinary level June 2025 Economics 1
A sole proprietorship is considered
business because:
A He owns many types of businesses alone
B He enjoys all the advantages of
specialization
C He does most of the work alone
D He offers quality services to the
customers
A market where the commodity sold is
homogeneous and firms are price–takers, is
called:
A Perfect market
B Monopoly market
C Oligopoly market
D Imperfect market
This
.question is based on the table below which
shows the output of a farmer as he employs
different numbers of workers:
An upward movement along the same demand
curve is called:
A Fall in demand
B Increase in demand
C Extension in demand
D Contraction in demand
When the revenue from the tax is greater than the
cost of collecting the tax, this explains the
principle of:
A Equity
B Certainty
C Convenience
D Economy
Which of the following is an example of an
unincorporated business unit:
A Partnership
B Private limited company
C Public limited company
D Co–operative societies
The most effective way of achieving equitable
distribution of income and wealth in an economy
is by:
A Imposing indirect taxes
B Levying progressive taxes
C Organizing agricultural shows
D Increasing money supply
as a one man 8.
9
2.
10.
j.
Number of
workers
1 2 3 4 5 6
1 1.
At what level of output is average product highest?
A 15kg
B 54kg
C 50kg
D 36kg
, ; l
12. The coefficient of elasticity of demand in the
diagram below is:
4. An industry that locates near the source of raw
materials can be considered as a:
A Footloose industry
B Industrial inertia
C Weight–gain industry
D Weight–loss industry
i
Price
D
The problem of perishability was solved by
which function of money?
A Money as a medium of exchange
B Money as a store of value
C Money as a measure of value
D Money as a standard of deferred
payment
Which of the following factors of production is
highly affected by the law of diminishing
returns?
A Labour
B Land
C Capital
D Entrepreneur
WhaTis the per capita income of a country with a
population of 5 million people and a national
income 200 million FCFA?
A 40 FCFA
B 400million FCFA
C 400000million FCFA
D 4 million FCFA
