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Principles Of Economics (Dhtm 022) Question Paper

Principles Of Economics (Dhtm 022)

Course:Education

Institution: Kenya Methodist University question papers

Exam Year:2013

TIME : 2 HOURS

Instructions: Answer three questions.
Question One
Explain the following terms and used in economics
Goods
Wealth
Scarcity
Want
Consumer goods.
(10mks)

Explain five reasons that make the study of the principles of economics important for students pursuing hospitality and tourism management.
(10mks)

Question Two
Discuss the factors that affect the supply of labour in the hotel and supply of labour in the hotel and tourism industry in Kenya.
(10mks)
Citing relevant examples from hotel and tourism industry, explain how the following factors improve efficiency in production.
(10mks)
Land
Labour

Question Three
Explain the factors that can affect demand for services in the tourism industry.
(10mks)
Discuss five responsibilities of an hotel manager.
(10mks)

Question Four
Explain three levels of production of goods and services.
(10mks)
Describe five benefits of division of labour/ specialization.
(10mks)

Question Five
Explain five factors that influence the supply of manufactured goods in Kenyan economy.
(10mks)
Explain the challenges of consumer protection in Kenya.
(10mks)

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