KASNEB Economics - Question 1a

Discuss five negative effects of inflation in an economy.... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 1b

Explain five conditions that could favour effective use of price discrimination in an economy... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 2a

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

KASNEB Economics - Question 2b

Explain six reasons why a country might impose international trade restrictions.... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 2c

Analyse three roles of International Monetary Fund (IMF) to member countries.... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 3d

Highlight five determinants of economic development in a country... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 4a

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 4b

Outline four properties of indifference curves.... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 4c

Discuss five ways in which inflation might cause unemployment in an economy... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 5a

Explain the term 'partial equilibrium as used in economics... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 5b

Suggest three methods that the government of a country might adopt to strengthen its currency... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 5d

With the aid of a diagram, explain why isoquams are negatively sloped... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 6a

With the aid of well labelled diagrams, distinguish between 'price floors and price ceilings'... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 7a

Highlight five negative effects of unemployment in an economy ... [Click to view full question and step-by-step solution]

KASNEB Economics - Question 7b

Summarise five consequences of wage control ... [Click to view full question and step-by-step solution]

May 2018

1a

Inflation and unemployment

Discuss five negative effects of inflation in an economy.

1b

Demand, supply and determination of equilibrium

Explain five conditions that could favour effective use of price discrimination in an economy

2a

Money and banking

Examine four determinants of money supply in an economy

2b

Economic growth, economic development and economic planning

Explain six reasons why a country might impose international trade restrictions.

2c

Money and banking

Analyse three roles of International Monetary Fund (IMF) to member countries.

3a

Demand, supply and determination of equilibrium

The demand of a certain product is represented by the following function

Q = 200 + 5p + p²

Where:

Q is quity of the product
P is the price of the product

Required:
(i) Determine the point elasticity of demand at P Sh20
(ii) Interpret your result in (a)(i) above

3b

National income

Suggest four reasons why wages in the agricultural sector tend to be lower than wages in the industrial sector.

3c

Demand, supply and determination of equilibrium

With the aid of a well Labelled diagram explain a normal profit making firm under oligopoly in the short-run:

3d

Economic growth, economic development and economic planning

Highlight five determinants of economic development in a country

4a

Demand, supply and determination of equilibrium

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

4b

Demand, supply and determination of equilibrium

Outline four properties of indifference curves.

4c

Inflation and unemployment

Discuss five ways in which inflation might cause unemployment in an economy

5a

Demand, supply and determination of equilibrium

Explain the term "partial equilibrium as used in economics

5b

Money and banking

Suggest three methods that the government of a country might adopt to strengthen its currency

5c

Money and banking

Explain five differences between the "quantity theory of money" and the "liquidity preference theory of money"

5d

National income

With the aid of a diagram, explain why isoquams are negatively sloped

6a

Demand, supply and determination of equilibrium

With the aid of well labelled diagrams, distinguish between "price floors and price ceilings"

6b

National income

In a hypothetical economy X, autonomous consumption equals to 800 and the marginal propensity to save equals to 0.25
Required:
(i) Formulate the consumption function
(ii) If the level of investment increased by Sh.1.000 million, determine the change in equilibrium national income

6c

Demand, supply and determination of equilibrium

With the help of a diagram, justify why the condition that marginal revenue equals to marginal cost (MR-MC) is only a necessary but not a sufficient condition for maximisation.

7a

Inflation and unemployment

Highlight five negative effects of unemployment in an economy

7b

Demand, supply and determination of equilibrium

Summarise five consequences of wage control

7c

Demand, supply and determination of equilibrium

The demand and total cost functions for a hypothetical firm are represented as follows: P = 100
TC = 50 + 8Q²

Where:

P is the price
TC is the total cost
Q is the quantity

Required:

(i) The marginal cost function.
(ii) The average fixed cost function.
(iii) The marginal revenue function.
(iv) The profit maximising level of output.

May 2018

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With the aid of a diagram, explain why isoquams are negatively sloped

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