KASNEB Economics - Question 1b

State FOUR challenges associated with regional economic integration in developing countries. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 2a

Explain FIVE disadvantages of adopting a dual exchange rate regime in an economy. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 2b

Identify SIX factors that determine the price of labour as a factor of production. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 2c

Outline FIVE functions of financial intermediaries. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 2d

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

KASNEB Economics - Question 3c

Explain FOUR applications of the concept of equilibrium in economics. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 3d

Propose FOUR criticisms of the discounted marginal productivity theory. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 5b

Highlight SIX drawbacks of collective bargaining agreement in relation to trade unions. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 5c

Outline FOUR features of monopolist competition. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 5d

Explain FOUR positive environmental impacts of economic growth. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 6b

Summarise FOUR economic implications of rural-urban migration. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 6d

Analyse FOUR causes of unfavourable balance of payment in developing countries. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 7a

Outline SIX challenges developing countries face due to over reliance on foreign aid. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 7c

Discuss FOUR restrictions to international trade. ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 7d

Explain FOUR challenges facing the agricultural sector in developing countries. ... [Click to view full question and step-by-step solution]

December 2024

1a

Money and banking

(i) Explain the term “credit creation”.

(ii) Describe THREE factors that limit the effectiveness of credit creation by commercial banks.

1b

Economic growth, economic development and economic planning

State FOUR challenges associated with regional economic integration in developing countries.

1c

National income

(i) Enumerate FOUR causes of a budget deficit in an economy.

(ii) Highlight FOUR policy measures that could be adopted to correct a budget deficit.

2a

National income

Explain FIVE disadvantages of adopting a dual exchange rate regime in an economy.

2b

Demand, supply and determination of equilibrium

Identify SIX factors that determine the price of labour as a factor of production.

2c

Money and banking

Outline FIVE functions of financial intermediaries.

2d

Demand, supply and determination of equilibrium

Highlight FOUR assumptions of indifference curve analysis.

3a

Demand, supply and determination of equilibrium

Explain SIX causes of wage difference between the “industrial occupation” and the “agricultural occupation”.

3b

Economic growth, economic development and economic planning

Summarise SIX measures that the governments in developing countries may put in place to spur growth in the informal sector.

3c

Demand, supply and determination of equilibrium

Explain FOUR applications of the concept of equilibrium in economics.

3d

Demand, supply and determination of equilibrium

Propose FOUR criticisms of the discounted marginal productivity theory.

4a

National income

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

Commodity market

C = 500 + 0.64Y

I = 1720 + 12r

Money market

MS1,400

MDT = 0.5Y

MDS = 600 – 10r

Required:

(i) Derive the IS function.

(ii) Derive the LM function.

(iii) Determine the equilibrium rate of interest and equilibrium level of national income.

4b

Demand, supply and determination of equilibrium

With the aid of a well labelled diagram, explain the relationship between the marginal product curve and the average product curve.

5a

Demand, supply and determination of equilibrium

Using a well labelled diagram, differentiate between “gently sloped supply curve” and “steeply sloped supply curve”.

5b

Demand, supply and determination of equilibrium

Highlight SIX drawbacks of collective bargaining agreement in relation to trade unions.

5c

Demand, supply and determination of equilibrium

Outline FOUR features of monopolist competition.

5d

Economic growth, economic development and economic planning

Explain FOUR positive environmental impacts of economic growth.

6a

Demand, supply and determination of equilibrium

(i) Explain the concept of consumer sovereignty.

(ii) Enumerate FOUR factors that limit consumer sovereignty.

6b

Economic growth, economic development and economic planning

Summarise FOUR economic implications of rural-urban migration.

6c

Demand, supply and determination of equilibrium

Explain the application of price elasticity of demand in making decision by:

(i) Government.

(ii) Producers.

(iii) Consumers.

6d

Economic growth, economic development and economic planning

Analyse FOUR causes of unfavourable balance of payment in developing countries.

7a

Economic growth, economic development and economic planning

Outline SIX challenges developing countries face due to over reliance on foreign aid.

7b

Demand, supply and determination of equilibrium

The demand function for a firm is given as:

P = 200 – 40Q

Determine:

(i) Total revenue function.

(ii) Average revenue function.

(iii) Marginal revenue function.

7c

Economic growth, economic development and economic planning

Discuss FOUR restrictions to international trade.

7d

Economic growth, economic development and economic planning

Explain FOUR challenges facing the agricultural sector in developing countries.

December 2024

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