PAST PAPER QUESTIONS DETAILS -ECONOMICS- PAPER -2-

OCTOBER /NOVEMBER 2009 MAY/JUNE 2009

DONE DONE
a POPULATION a ECONOMIC GROWTH
1 b POPULATION b ECONOMIC GROWTH
ROLE OF THE GOVERNMENT 1 MACROECONOMIC AIMS
c c
d OPPORTUNITY COST d POPULATION & ECONOMIC GROWTH

a DEMAND AND SUPPLY a PRICE ELASTICITY OF DEMAND

2 b DEMAND AND SUPPLY & LABOUR MARKET 2 b PRICE ELASTICITY OF DEMAND
c EFFECTS TO COMPANIES c PRIVATE & SOCIAL COSTS
d EFFECTS OF PROHIBITING CIGARETTES

a LABOUR MARKET a FACTORS OF PRODUCTION

3 b INDIVIDUAL SPECILISATION 3 b TRADE UNION
c HOW EARNINGS MIGHT CHANGE c CAPITAL & LABOUR INTENSIVE
d INCOME SPENDING AND SAVING d METHODS OF PRODUCTION

a COST OF PRODUCTION a INTEGRATION

4 b ELASTIC OR INELASTIC 4 b TYPES OF BUSINESS ORGANISATION
c BUSINESS ORGANISATION c BENEFITS OF GROWTH OF FIRMS
d EFFECTS OF RISING COST TO COMPANIES

a MIXED ECONOMY a OPPORTUNITY COST

5 b MACROECONOMIC AIMS 5 b MARKET FAILURE
c BUDGET c GOVERNMENT INFLUENCE
d PUBLIC FINANCE

a BALANCE OF PAYMENTS a INFLATION

6 b INTERNATIONAL TRADE 6 b INFLATION
c PROTECTIONISM AND ITS EFFECTS c EFFECTS OF INFLATION

a DEVELOPING COUNTRIES a TARIFF AND QUOTA

7 b CONSERVE OR EXPLOIT RESOURCES 7 b TARIFF AND INTERNATIONAL SPECIALISATION
c STANDARD OF LIVING AND ITS MEASURES c ADVANTAGES OF PROTECTIONISM
d EFFECTS OF PROTECTIONISM
 PAST PAPER QUESTIONS DETAILS -ECONOMICS- PAPER -2-

OCTOBER /NOVEMBER 2008 MAY/JUNE 2008

DONE DONE
a POPULATION a SUBSTITUTE GOODS
1 b POPULATION b FROM THE PASAGE
POPULATION 1 COST OF PRODUCTION
c c
d POPULATION d SUBSIDIES
e PROFITS

a INCOME GROUPS a TRADE UNIONS

2 b GOVERNMENT SPENDING 2 b INFLUENCE OF TRADE UNION
c CENTRAL BANK c SMALL FIRMS
d CONSUMER SPENDING d EFFECTS OF TRADE UNION

a DEMAND AND SUPPLY a FACTORS OF PRODUCTION

3 b COSTS OF PRODUCTION 3 b DEMAND AND SUPPLY
c DEMAND AND SUPPLY c BENEFITS OF AGREED FIXED PRICE
d ELASTICITY OF DEMAND d SUBSIDIES

a BUSINESS ORGANISATION a DIFFERENT SPENDING GROUPS

4 b CHOICE OF OCCUPATION (LABOUR) 4 b DIFFERENT SPENDING PATTERN
c INCOME SPENDING c CONSUMER SPENDING
d WAGE DIFFERENCES d WAGE DIFFERENCES

a PRIVATE AND PUBLIC SECTOR a DIRECT AND INDIRECT TAXATION

5 b INVESTMENT 5 b TAXATION AND MACRO AIMS
c ECONOMIC SYSTEM c EMPLOYMENT
d ECONOMIC GROWTH d UNEMPLOYMENT

a INFLATION a SPECIALISATION
6 b INFLATION 6 b PROTECTIONISM
c UNEMPLOYMENT c NATURAL RESOURCE
d UNEMPLOYMENT d CONSERVE AND EXPLOITING

a DEVELOPING COUNTRIES a MEASURE OF STANDARD OF LIVING

7 b MULTINATIONAL COMPANIES 7 b DEVELOPING AND DEVELOPED COUNTRIES
c PROTECTIONISM c DEVELOPMENT
d CONSERVE AND EXPLOITING
 PAST PAPER QUESTIONS DETAILS -ECONOMICS- PAPER -2-

OCTOBER /NOVEMBER 2007 MAY/JUNE 2007

DONE DONE
a FACTORS OF PRODUCTION a CALCULATION OF LOSS
b FACTORS OF PRODUCTION b CAUSES OF LOSS FROM PASSAGE
1 COST OF PRODUCTION COST OF PRODUCTION
c 1 c
d DEMAND FOR SUBSTITUTES d DEMAND FOR FACTORS OF PRODUCTION
e REFERING ARTICLE e POLICIES TO AVOID LOSS

a MULTINATIONAL COMPANIES a BUSINESS ORGANISATION

2 b TRADE UNION 2 b SMALL FIRMS
c LARGE FIRMS c INTEGRATION
d ECONOMIES OF SCALE d GOVERNMENT INFLUENCE ON PRODUCERS

a OPPORTUNITY COST a DIVISION OF LABOUR

3 b WAGE DIFFERENCES BETWEEN SECTORS 3 b LABOUR MARKET
c FACTORS FOR SPENDING AND SAVING c SPENDING PATTERN
d EFFECTS OF FALL IN INTERSET ON CARDS d GOVERNMENT INFLUENCE ON SPENDING

a POPULATION a POPULATION
4 b GDP AS A MEASURE OF LIVING STANDARD 4 b OCCUPATIONAL DISTRIBUTION
c ROLE OF GOVERNMENT c ECONOMIC OUTPUT
d EFFECTS OF INVSTMENT d POPULATION

a SPECIALISATION a LABOUR INTENSIVE

5 b BENEFITS OF SPECIALISATION 5 b FREE TRADE
c SECTORS OF PRODUCTION c CONSERVING RESOURCES
d SECTORS OF PRODUCTION d BENEFITS OF TRADE AGREEMENT

a ECONOMIC SYSTEM a ECONOMIC SYSTEM

6 b ECONOMIC SYSTEM 6 b CONFLICTS OF AIMS
c TRADE PROTECTION c MIXED ECONOMY

a GOVERNMENT AIMS a INLFATION

7 b REDISTRIBUTION OF INCOME 7 b MEASURE OF INFLATION
c ECONOMIC GROWTH c UNEMPLOYMENT
 PAST PAPER QUESTIONS DETAILS -ECONOMICS- PAPER -2-

OCTOBER /NOVEMBER 2006 MAY/JUNE 2006

DONE DONE
a MULTINATIONAL COMPANIES a DEMAND AND SUPPLY
1 b TRADE AGREEMENT b BALANCE OF PAYMENT
REFERING TO THE PASSAGE 1
c c EFFECTS OF STRONG INDUSTRIAL GROWTH
d EFFECTS OF EMPLOYMENT

a MARKET & NON MARKET PRICE a FACTORS OF PRODUCTION

2 b DEMAND AND SUPPLY ANALYSIS 2 b SMALL FIRMS
c PRICE ELASTICTY c INTEGRATION
d KNOWLEDGE OF PRICE ELASTICTY d BENEFITS OF INTEGRATION

a NON-WAGE INFLUENCE OF LABOUR a SCARCITY & OPPORTUNITY COST

3 b SECTORS OF PRODUCTION 3 b IDEA OF OPPORTUNITY COST
c TRADE UNION c CHANGING OF EARNINGS
d EFFECTS OF TRADE UNION d WAGE DIFFERENCES

a INFLATION a CALCULATION
4 b INFLATION- GOVERNEMNT AIM 4 b CHANGE IN PATTERN OF EMPLOYMENT
c CAUSES OF INFLATION c EFFECTS OF UNEMPLOYMENT
d HOW TO CONTROL INFLATION d CONSEQUENCE OF UNEMPLOYMENT

a CONSERVING RESOURCES a PRIVATE AND PUBLIC SECTOR

5 b BENEFITS OF URBAN DEVELOPMENT 5 b PUBLIC SECTOR RESOURCE ALLOCATION
c CONTROL PRIVATE COMPANIES c EXTERNAL COST
d EXPLOITATION OF AREAS d EFFECTS OF HIGH INCOME TAX

a DIFFERENT TYPES OF TAX a DEVELOPMENT INDICATORS

6 b WHY GOVERNMENT IMPOSE TAX 6 b METHODS OF PROTECTION
c EFFECTS OF HIGH INCOME TAX c FREE TRADE AND PROTECTION

a COST OF PRODUCTION a POPULATION OF DEVELOPING AND DEVELOPED

7 b COST OF PRODUCTION 7 b POPLULATION
c INTEGRATION c SECTORS OF PRODUCTION
d CHANGING POPULATION STRUCTURE
 PAST PAPER QUESTIONS DETAILS -ECONOMICS- PAPER -2-

OCTOBER /NOVEMBER 2005 MAY/JUNE 2005

DONE DONE
a ROLE OF ENTREPRENUR a REFERING ARTICLE
1 b SECTORS OF PRODUCTION b GDP
INDUSTRIAL DEVELOPMENT 1 DIRECT AND INDIRECT TAXATION
c c
d GOVERNEMNT ROLE TO ENCOURAGE PRODUCER d MACROECONOMIC AIMS
e EMPLOYMENT e EMPLOYMENT

a COST OF PRODUCTION a QUOTA AND SUBSIDY

2 b SMALL FIRMS 2 b DEMAND AND SUPPLY
c GROWTH OF FIRMS c PRICE ELASTICTY OF DEMAND
d ECONOMIES OF SCALE d CONCEPT OF PRICE ELASTICTY OF DEMAND

a TYPES OF TAX a PROFITS

3 b TAXATION 3 b GROTH OF FIRMS
c PRICE ELASTICTY c ECONOMIES OF SCALE
d CONCEPT OF PRICE ELASTICITY d FACTORS OF PRODUCTION

a INFLATION a LABOUR MARKET

4 b MEASURE OF INFLATION 4 b WAGE RATE
c CAUSES OF INFLATION c TRADE UNION
d INFLATION-GOVERNMENT AIM d PATTERN OF INCOME SPENDING

a SPECIALISATION a RATE OF EXCHANGE

5 b METHODS OF PROTECTION 5 b EFFECTS OF PRODUCTION, EMPLOYMENT
c NATURAL RESOURCE c BALANCE OF PAYMENT
d EXPLOIT AND CONSRVING RESOURCES d BALANCE OF PAYMENT

a POPULATION a ECONOMIC SYSTEM

6 b STRUCTURE OF POPULATION 6 b GOVERNMENT AS A PRODUCER
c GOVERNMENT POLICIES c GOVERNMENT AS A PRODUCER

a NON-WAGE INFLUENCE OF LABOUR a LIVING STANDARD OF COUNTRIES

7 b FACTORS OF PRODUCTION 7 b REASONS OF POVERTY
c WAGE DIFFERENCES c STANDARD OF LIVING
d
 PAST PAPER QUESTIONS DETAILS -ECONOMICS- PAPER -2-

OCTOBER /NOVEMBER 2004 MAY/JUNE 2004

DONE DONE
a PRICE AND MARKET a REFERING THE ARTICLE
1 b DEMAND AND SUPPLY b LABOUR INTENSIVE
MEASURES TO INCREASE PRODUCTION 1 REFERING THE ARTICLE
c c
d BALANCE OF PAYMENT d ROLE OF THE GOVERNMENT
e ROLE OF THE GOVERNMENT

a PUBLIC SECTOR a FACTORS OF PRODUCTION

2 b FUNCTIONS OF TRADE UNION 2 b MARKETS AND PRICE
c INDIVIDUAL CHOICE OF OCCUPATION c PRICE AND MARKET
d WAGE DIFFERENCES d EXPLOIT AND CONSERVE OF RESOURCES

a TYPES OF TAX a AFFECTS OF PROFITS

3 b UNEMPLOYMENT 3 b HOW TO ACHIEVE PROFITS
c GOVERNMENT AIMS c PRICE ELASTICITY OF DEMAND
d GOVERNMENT AIMS d KNOWLEDGE OF PRICE ELASTICITY

a DEVELOPING COUNTRY a INFLATION

4 b POPULATION 4 b MEASURE OF INFLATION
c OPPORTUNITY COST & SOCIAL COST c CAUSES OF INFLATION
d GOVERNMENT ROLE

a ECONOMIC GROWTH a BALANCE OF PAYMENT

5 b ECONOMIC GROWTH 5 b CONSEQUENCE OF TRADE DEFICIT
c TRADE BARRIERS c GOVERNMENT POLICIES
d INVESTMENT d GOVERNMENT POLICIES

a EXCHANGE RATE a INCOME SPENDING

6 b INFLATION 6 b EXPENDITURE PATTERN
c UNEMPLOYMENT c MOTIVES FOR SPENDING AND SAVING
d UNEMPLOYMENT d RESULT OF CONSUMER SPENDING

a METHODS OF ADVERTISING a POPULATION

7 b AFFECTS OF ADVERTISING 7 b DEVELOPING AND DEVELOPED COUNTRIES
c LARGE FIRMS c MULTINATIONAL COMPANIES
 PAST PAPER QUESTIONS DETAILS -ECONOMICS- PAPER -2-

OCTOBER /NOVEMBER 2003 MAY/JUNE 2003

DONE DONE
a INVESTMENT a ECONOMIC SYSTEM
1 b REFERING THE PASSAGE b SUBSTITUTES AND COMPLIMENTARY GOODS
ECONOMIC GROWTH 1 WORKERS CHOICE OF OCCUPATION
c c
d BENEFITS OF ECONOMIC GROWTH d HOUSING AND CHOICE OF OCCUPATION
e SECTORS OF PRODUCTION e AFFECTS OF HOUSING TO WORKERS

a SUBSIDY a DEMAND AND SUPPLY

2 b COSTS OF PRODUCTION 2 b DIFFERENT SPENDING PATTERN
c PRICE ELASTICITY OF DEMAND c PRICE ELASTICTY OF DEMAND
d KNOWLEDGE OF PRICE ELASTICITY d DIFFERENCE IN PRICE ELASTICTY

a FACTORS OF PRODUCTION a CAPITAL INTENSIVE

3 b REFERING THE PASSAGE 3 b METHODS OF PRODUCTION
c PRIVATE AND SOCIAL COST c MULTINATIONAL
d ROLE OF THE GOVERNMENT d EFFECTS ON CAR PRODUCTION

a RESOURCES AND DIVERSIFICATION a REASONS FOR TRAINING

4 b DEVELOPED COUNTRIES AND POVERTY 4 b ROLE OF THE GOVERNMENT
c POPULATION c INTEGRATION
d STRUCTURE OF POPULATION d LARGE FIRMS

a TRADE RESTRICTIONS a BALANCE OF PAYMENT

5 b AFFECTS OF TRADE RESTRICTION 5 b SPECIALISATION
c PROTECTION AND SPECIALISATION c CHANGES IN EXPORT
d GOVERNMENT INFLUENCE ON BOP

a INFLATION a PRIVATE AND PUBLIC EXPENDITURE

6 b CAUSES OF INFLATION 6 b MARKET SYSTEM
c COSTS OF INFLATION c PUBLIC EXPENDITURE
d PUBLIC EXPENDITURE AND OPPORTUNITY COST

a PROFIT MAXIMISATION a STANDARD OF LIVING IN DIFFERENT COUNTRIES

7 b CHANGES IN THE PROFITS 7 b POPULATION AND LIVING STANDARD
c TYPES OF BUSINESS ORGANISATION c GOVERNMENT POLICIES
 PAST PAPER QUESTIONS DETAILS -ECONOMICS- PAPER -2-

OCTOBER /NOVEMBER 2002 MAY/JUNE 2002

DONE DONE
a CALCULATION a SMALL AND LARGE FIRMS
1 b PUBLIC LIMITED COMPANY b SMALL AND LARGE FIRMS
HIGHER INTEREST RATES 1 SPECIALISATION
c c
d EFFECTS OF LOWER PROFITS d SPECIALISATION
e ADVANTAGES OF SPECIALISATION

a CHANGES IN DEMAND a DEMAND AND SUPPLY

2 b CHANGES IN DEMAND 2 b DEMAND AND SUPPLY
c PRICE ELASTICTY OF DEMAND & CALCULATION c FALL IN PRICE -CONSUMER SPENDING
d ELASTIC AND INELASTIC DEMAND d MOTIVES FOR SPENDING AND SAVING

a BALANCE OF PAYMENT a POPULATION

b TARRIF AND QUOTA b POPULATION STRUCTURE
3 EFFECTS OF CHEAP IMPORTS 3
c c POPULATION CHANGE
d FREE TRADE
e BENFITS OF PROTECTION

a TAXATION a COSTS OF PRODUCTION

4 b WHY GOVERNMENT IMPOSE TAX 4 b COSTS OF PRODUCTION
c REVENUE c PROFIT MAXIMISATION
d PROFITS AND ITS EFFECTS

a DEVELOPING COUNTRIES a UNEMPLOYMENT

5 b LIVING STANDARD AND DEVELOPMENT 5 b INFLATION
c LOWER LIVING STANDARD c UNEMPLOYMENT AND GOVERNMENT AIM
d MEASURE OF LIVING STANDARD d INFLATION AND UNEMPLOYMENT

a OPPORTUNITY COST a GDP

6 b EXTERNAL AND SOCIAL COST 6 b BALANACE OF PAYMENT
c DEVELOPMENT OF RURAL AREAS c GDP AND STANDARD OF LIVING
d DEVELOPED AND DEVELOPING COUNTRIES

a ECONOMIC GROWTH a SUBSIDY

7 b INVESTMENT AND ECONOMIC GROWTH 7 b EFFECT OF SUBSIDY
c ECONOMIC GROWTH - GOVERNMENT AIM c EXTERNAL COST
d CONCEPT OF SOCIAL COST AND BENEFITS