KASNEB Economics - Question 1a

(i) Explain the concept of “price ceiling”. (ii) Discuss THREE advantages of setting price ceilings. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 1b

Describe FOUR types of labour mobility. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 1c

Enumerate FOUR challenges of capping interest rates in a country. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 2a

Using a well labelled diagram, illustrate the regressive supply curve of labour. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 2b

Explain THREE exceptions to the law of diminishing marginal utility. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 2c

State FOUR challenges faced by small scale industries in developing countries. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 2d

Outline FOUR characteristics of developing countries. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 3a

Outline SIX roles played by commercial banks in the economic development of a country. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 3b

Argue SIX cases for restrictions in international trade. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 4a

State FIVE factors that limit the success of economic integration in developing countries. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 4b

Distinguish between “debt distress” and “debt conversion”. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 4c

Outline SIX methods that may be adopted to clear external debts in developing countries. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 5a

Explain THREE demerits of the deductive method of economic analysis. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 5b

Discuss THREE forms of economic integration in relation to international trade. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 6a

State FIVE features that influence the level of Foreign Direct Investment (FDI). ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 6b

Explain FOUR determinants of money supply in an economy. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 6c

Using a well labelled diagram, illustrate the long-run equilibrium of a monopoly firm. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 7b

Highlight FOUR principles of a good tax system. ... [Click to view full question and step-by-step solution]

August 2024 KASNEB Economics Past Paper PDF & Answers

1a

Demand, supply and determination of equilibrium

(i) Explain the concept of “price ceiling”.

(ii) Discuss THREE advantages of setting price ceilings.

1b

Demand, supply and determination of equilibrium

Describe FOUR types of labour mobility.

1c

Money and banking

Enumerate FOUR challenges of capping interest rates in a country.

1d

Economic growth, economic development and economic planning

Describe FOUR strategies that developing countries might apply to correct the balance of payment deficit.

2a

Demand, supply and determination of equilibrium

Using a well labelled diagram, illustrate the regressive supply curve of labour.

2b

Demand, supply and determination of equilibrium

Explain THREE exceptions to the law of diminishing marginal utility.

2c

Economic growth, economic development and economic planning

State FOUR challenges faced by small scale industries in developing countries.

2d

Economic growth, economic development and economic planning

Outline FOUR characteristics of developing countries.

3a

Money and banking

Outline SIX roles played by commercial banks in the economic development of a country.

3b

Economic growth, economic development and economic planning

Argue SIX cases for restrictions in international trade.

3c

National income

The following information represents the national income of country X in billions of shillings.

C = 220 + 0.8Yd

T = 30 + 0.1Y

I = 70

G = 20

Where: C = Consumption expenditure

T = Taxes

G = Government expenditure

Yd = Disposable income

Required:

(i) The marginal propensity to save.

(ii) The multiplier.

(iii) The consumption expenditure.

(iv) The equilibrium level of national income and taxes.

4a

Economic growth, economic development and economic planning

State FIVE factors that limit the success of economic integration in developing countries.

4b

Economic growth, economic development and economic planning

Distinguish between “debt distress” and “debt conversion”.

4c

Economic growth, economic development and economic planning

Outline SIX methods that may be adopted to clear external debts in developing countries.

5a

Introduction to economics

Explain THREE demerits of the deductive method of economic analysis.

5b

Economic growth, economic development and economic planning

Discuss THREE forms of economic integration in relation to international trade.

5c

Introduction to economics

Describe how the concept of opportunity cost is applied in decision making with respect to:

(i) Consumers.

(ii) Firms.

(iii) Governance.

(iv) International trade.

6a

Economic growth, economic development and economic planning

State FIVE features that influence the level of Foreign Direct Investment (FDI).

6b

Money and banking

Explain FOUR determinants of money supply in an economy.

6c

Demand, supply and determination of equilibrium

Using a well labelled diagram, illustrate the long-run equilibrium of a monopoly firm.

7a

National income

Using well labelled diagrams, distinguish between “inflationary gap” and “deflationary gap” as used in national income statistics.

7b

National income

Highlight FOUR principles of a good tax system.

7c

Demand, supply and determination of equilibrium

A firm operating in a perfectly competitive market has the demand and total cost functions represented by the

following:

P = 40 – 60Q

TC = 100 + 50Q – 80Q2

Where;

P = Price

Q = Quantity

TC = Total cost

Determine:

(i) Average fixed cost function.

(ii) Average variable cost function.

(iii) Marginal cost function.

August 2024

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