Uneb uace economics paper one 2018

Uneb uace economics paper one 2018

SECTION A
Answer all parts of this question.
1. a) i) What is a Production Possibility Frontier?
ii) Give any three causes of an outward shift of the Production Possibility Frontier.
b) i) Distinguish between vertical and horizontal merging of firms.
ii0Mention any two merits of merging firms.

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