Introduction To Economics(Dpba 019) I Question Paper
Introduction To Economics(Dpba 019) I
Course:Business Administration
Institution: Kenya Methodist University question papers
Exam Year:2011
TIME : 2 HOURS
INSTRUCTIONS Answer ALL Questions from Section A and TWO Questions in Section B
SECTION A
Question 1
What are some of the features found in a mixed economy? Discuss (10marks)
Question 2
State the law of demand. What are the exceptions to the law of demand? Explain. (10marks)
Question 3
Illustrate the uses of National income statistics. (10marks)
SECTION B
Question 4
a) Using diagrams show the difference between a movement along a demand curve and a shift in demand. (10marks)
b) What factors influence demand? (10marks)
Question 5
a) Define the term inflation. What causes inflation in an economy? (10marks)
b) Explain the role of the Central Bank of Kenya in controlling inflation. (10marks)
Question 6
a) Briefly discuss the features of a perfectly competitive market. (10marks)
b) Using a diagram, illustrate the short run price and output for the competitive industry and firm. (10marks)
Question 7
Write short notes on:
a) Excess supply (5marks)
b) Factors of production (5marks)
c) Price discrimination (5marks)
d) Types of unemployment (5marks)
More Question Papers
Exams With Marking Schemes
Popular Exams
Mid Term Exams
End Term 1 Exams
End Term 3 Exams
Opener Exams
Full Set Exams
Return to Question Papers