KASNEB Economics - Question 1a

Identify SIX conditions necessary for price discrimination under monopoly. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 1b

Enumerate FIVE benefits of studying economics. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 1c

List FIVE measures that may be adopted to correct income inequalities in developing countries. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 1d

Highlight FOUR assumptions of indifference curve analysis. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 2b

State SEVEN roles of the World Bank Group to a member state. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 2c

With the aid of a diagram, explain regressive supply curve. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 3a

Describe FOUR factors that determine the supply of money in an economy. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 3c

Outline SEVEN demerits of inflation targeting. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 5b

With the aid of a well labelled diagram, explain the law of diminishing marginal utility. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 5c

Enumerate SIX factors that influence the cost behaviour of a manufacturing firm.... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 6b

Identify SIX advantages of economic integration to the member states. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 6c

Explain FOUR negative effects of increased government spending on economic growth. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 7b

Identify SIX criticisms of the marginal productivity theory of wage determination. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 7c

List SIX reasons why mobility of factors of production is important. ... [Click to view full question and step-by-step solution]

April 2023

1a

Demand, supply and determination of equilibrium

Identify SIX conditions necessary for price discrimination under monopoly.

1b

Introduction to economics

Enumerate FIVE benefits of studying economics.

1c

Economic growth, economic development and economic planning

List FIVE measures that may be adopted to correct income inequalities in developing countries.

1d

Demand, supply and determination of equilibrium

Highlight FOUR assumptions of indifference curve analysis.

2a

Economic growth, economic development and economic planning

(i) Explain the term “Gini Coefficient” as used in economics.

(ii) Describe THREE principles of the Gini Coefficient.

2b

Economic growth, economic development and economic planning

State SEVEN roles of the World Bank Group to a member state.

2c

Economic growth, economic development and economic planning

With the aid of a diagram, explain regressive supply curve.

3a

Money and banking

Describe FOUR factors that determine the supply of money in an economy.

3b

Economic growth, economic development and economic planning

Identify FIVE tax measures that a government could adopt to spur growth in the agricultural sector.

3c

Inflation and unemployment

Outline SEVEN demerits of inflation targeting.

4a

National income

The commodity and money markets for a certain economy is given by the following functions:

Commodity market

C = 400 + 0.45y

I = 1700 + 18r

Money market

MS = 1600

MDT = 0.25y

MDS = 800 – 12r

Required:

(i) Derive the IS function.

(ii) Derive the LM function.

(iii) Determine the equilibrium rate of interest.

(iv) Determine the equilibrium level of national income.

4b

National income

Explain the following types of multipliers as used in economics:

(i) Investment multiplier.

(ii) Government multiplier.

(iii) Export multiplier.

(iv) Consumption multiplier.

5a

Economic growth, economic development and economic planning

Most developing countries are faced with a problem of high external debts.

As an economist, outline EIGHT policy measures that the developing countries could put in place to minimise the problem of rising external debt.

5b

Demand, supply and determination of equilibrium

With the aid of a well labelled diagram, explain the law of diminishing marginal utility.

5c

Demand, supply and determination of equilibrium

Enumerate SIX factors that influence the cost behaviour of a manufacturing firm.

6a

Demand, supply and determination of equilibrium

The following information relates to the quantity demanded of commodity X at different prices and income levels of a consumer:

Quantity	Price (Sh.)	Income (Sh.)
1,200	160	60,000
1,000	180	40,000

(i) Determine price elasticity of commodity X and interpret your answer.

(ii) Determine income elasticity of commodity X and interpret your answer.

6b

Economic growth, economic development and economic planning

Identify SIX advantages of economic integration to the member states.

6c

Economic growth, economic development and economic planning

Explain FOUR negative effects of increased government spending on economic growth.

7a

Demand, supply and determination of equilibrium

(i) Differentiate between a “stable equilibrium” and an “unstable equilibrium”.

(ii) With the aid of a well labelled diagram, illustrate an unstable equilibrium.

7b

Demand, supply and determination of equilibrium

Identify SIX criticisms of the marginal productivity theory of wage determination.

7c

Demand, supply and determination of equilibrium

List SIX reasons why mobility of factors of production is important.

April 2023

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