P220/2

ECONOMICS

PAPER 2

JUNE, 2014

3 HOURS

 

ST.JOSEPH OF NAZARETH HIGH SCHOOL

Uganda Advanced Certificate of Education

PRE-MOCK EXAMS, 2014

ECONOMICS

Paper 2

3 Hours

INSTRUCTIONS:

  • ATTEMPT ALL QUESTIONS IN SECTION A AND FOUR QUESTIONS FROM SECTION B.

     

    SECTION A: (20 Marks)

1.(a)(i) Define the term competitive demand.                         (01mk)

(ii) State any three examples of competitive demand in your country.         (03mks)

(b)(i) Distinguish between foreign private investment and foreign aid.         (02mks)

(ii) Mention any two factors that limit foreign private investments in your country(02mks)

(c)(i) Define the term money supply.                                 (01mk)

(ii) State three factors that influence money supply in your country.         (03mks)

(d)(i) Define the term trade liberalization.                             (01mk)

(ii) Mention any three ways of liberalizing trade in your country.             (03mks)

(e)(i) Distinguish between a floating debt and a funded debt.                 (02mks)

(ii) State any two demerits of public debts in your country.                 (02mks)

 

 

TURN OVER

 

SECTION B:

2.(a) What are the advantages of relying on the price mechanism in your country.     (10mks)

(b) Account for the government interference in the operation of the price mechanism

in your country.                                         (10mks)

 

3.(a) Account for the existence of trade unions in your country.                 (06mks)

(b) Explain the factors that determine the strength of trade unions in your country. (14mks)

 

4.(a) Distinguish between an industry and a firm.                         (04mks)

(b) Assess the contribution of the industrial sector in the development of your country.

                                                        (16mks)

5.(a) Differentiate between disguised unemployment and frictional unemployment.

                                                        (04mks)

(b) Why does government strive to control unemployment in your country?        (16mks)

 

6.(a) Explain the benefits of adopting protectionist policies in your country.         (10mks)

(b) What are the demerits of protectionist policies in your country?             (10mks)

 

7.(a) Distinguish between public enterprises and private enterprises.         (04mks)

(b) Assess the contribution of public enterprises in the development of your country.

                                                        (16mks)

 

END.


 

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