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Hps2103:Accounts And Finace Question Paper

Hps2103:Accounts And Finace

Course:Bachelor Of Computer Science

Institution: Meru University Of Science And Technology question papers

Exam Year:2011

QUESTION ONE (30 MARKS)
a) Explain the seven basic economic problems. (14 Marks) b) With the aid of a diagram, explain the movements along a demand curve versus shifts in the demand curve. (6 Marks) c) Using an illustration, explain the three stages of production. (10 Marks)
QUESTION TWO (20 MARKS)
a) Discuss seven characteristics of perfect competition. (14 Marks) b) Identify buses of National income statistics. (6 Marks)
QUESTION THREE (20 MARKS)
a) Explain the five canons of a good tax structure. (10 Marks) b) Identify two major fiscal policies that the government uses to control the aggregate demand. (10 Marks)
QUESTION FOUR (20 MARKS)
a) Which are the problems in using invome per capital to measure the standard of living in different countries? (16 Marks) b) What do you understand by the term “demand for money in the economy”? (6 Marks)
2
QUESTION FIVE (20 MARKS)
a) OMO (Open Market Operation) is a monetary policy used by central bank to regulate supply and the price of money. Explain. (10 Marks) b) Write short notes on; i. Scarcity and choice (2 Marks) ii. Opportunity cost. (2 marks) iii. Monopoly (2 Marks) iv. National debt (2 Marks) v. Tax (2 Marks)

Hps2103:Accounts And Finace Question Paper

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