{"id":62,"date":"2023-04-01T11:58:29","date_gmt":"2023-04-01T11:58:29","guid":{"rendered":"http:\/\/localhost\/solvefor2\/?p=62"},"modified":"2023-04-01T12:00:21","modified_gmt":"2023-04-01T12:00:21","slug":"uace-economics-paper-2-pre-mock-exams-2014-st-joseph-of-nazareth-high-school","status":"publish","type":"post","link":"https:\/\/edu.co.tz\/notes\/uace-economics-paper-2-pre-mock-exams-2014-st-joseph-of-nazareth-high-school\/","title":{"rendered":"UACE ECONOMICS PAPER 2 PRE-MOCK EXAMS, 2014 ST.JOSEPH OF NAZARETH HIGH SCHOOL"},"content":{"rendered":"<p><span style=\"font-family:Arial\"><strong>P220\/2<br \/>\n<\/strong><\/span><\/p>\n<p><span style=\"font-family:Arial\"><strong>ECONOMICS<br \/>\n<\/strong><\/span><\/p>\n<p><span style=\"font-family:Arial\"><strong>PAPER 2<br \/>\n<\/strong><\/span><\/p>\n<p><span style=\"font-family:Arial\"><strong>JUNE, 2014<br \/>\n<\/strong><\/span><\/p>\n<p><span style=\"font-family:Arial\"><strong>3 HOURS<br \/>\n<\/strong><\/span><\/p>\n<p>\n\u00a0<\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Arial; font-size:14pt\"><strong>ST.JOSEPH OF NAZARETH HIGH SCHOOL<br \/>\n<\/strong><\/span><\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Arial; font-size:14pt\"><strong>Uganda Advanced Certificate of Education<br \/>\n<\/strong><\/span><\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Arial; font-size:14pt\"><strong>PRE-MOCK EXAMS, 2014<br \/>\n<\/strong><\/span><\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Arial; font-size:14pt\"><strong>ECONOMICS<br \/>\n<\/strong><\/span><\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Arial; font-size:14pt\"><strong>Paper 2<em><br \/>\n\t\t\t\t<\/em><\/strong><\/span><\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Arial; font-size:14pt\"><strong><em>3 Hours<br \/>\n<\/em><\/strong><\/span><\/p>\n<p><span style=\"font-family:Arial; font-size:13pt; text-decoration:underline\"><strong>INSTRUCTIONS:<br \/>\n<\/strong><\/span><\/p>\n<ul>\n<li>\n<div><span style=\"font-family:Arial; font-size:13pt\"><em>ATTEMPT <strong>ALL <\/strong>QUESTIONS IN SECTION <strong>A <\/strong>AND <strong>FOUR <\/strong>QUESTIONS FROM SECTION <strong>B<\/strong>.<br \/>\n<\/em><\/span><\/div>\n<p>\n\u00a0<\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Arial; font-size:13pt\"><strong><span style=\"text-decoration:underline\">SECTION A:<\/span> (20 Marks)<br \/>\n<\/strong><\/span><\/p>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\">1.(a)(i)  Define the term <strong>competitive demand<\/strong>. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(01mk)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\">      (ii)  State any <strong>three examples <\/strong>of competitive demand in your country. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(03mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\">  (b)(i)  Distinguish between <strong>foreign private investment <\/strong>and <strong>foreign aid<\/strong>. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(02mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\">      (ii)  Mention any <strong>two factors <\/strong>that limit foreign private investments in your country<em>(02mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\">  (c)(i)  Define the term <strong>money supply<\/strong>. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(01mk)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\">      (ii)  State <strong>three factors <\/strong>that influence money supply in your country. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(03mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\">  (d)(i)  Define the term <strong>trade liberalization<\/strong>. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(01mk)<\/em><br \/>\n\t\t<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\">      (ii)  Mention any <strong>three ways <\/strong>of liberalizing trade in your country. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(03mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\">  (e)(i)  Distinguish between<strong> a floating debt <\/strong>and <strong>a funded debt<\/strong>. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(02mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\">     (ii)  State any <strong>two demerits <\/strong>of public debts in your country. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(02mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify\">\n\u00a0<\/p>\n<p style=\"text-align: center\">\n\u00a0<\/p>\n<p style=\"text-align: right\"><span style=\"font-family:Arial; font-size:13pt\"><strong>TURN OVER<br \/>\n<\/strong><\/span><\/p>\n<p style=\"text-align: center\">\n\u00a0<\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Arial; font-size:13pt; text-decoration:underline\"><strong>SECTION B:<br \/>\n<\/strong><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\">2.(a)  What are the <strong>advantages <\/strong>of relying on the price mechanism in your country. \u00a0\u00a0\u00a0\u00a0<em>(10mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\">   (b)  Account for the government interference in the operation of the price mechanism<br \/>\n<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\">          in your country. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(10mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify\">\n\u00a0<\/p>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\">3.(a)  Account for the <strong>existence <\/strong>of trade unions in your country. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(06mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\">  (b)  Explain the <strong>factors <\/strong>that determine the strength of trade unions in your country. <em>(14mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify\">\n\u00a0<\/p>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\">4.(a)  Distinguish between <strong>an industry <\/strong>and <strong>a firm<\/strong>. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(04mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\">   (b)  Assess the <strong>contribution <\/strong>of the industrial sector in the development of your country.<br \/>\n<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(16mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\">5.(a)  Differentiate between <strong>disguised unemployment <\/strong>and <strong>frictional unemployment.<br \/>\n<\/strong><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\"><strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><em>(04mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\">   (b)  Why does government strive to control unemployment in your country?\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(16mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify\">\n\u00a0<\/p>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\">6.(a)  Explain the <strong>benefits <\/strong>of adopting protectionist policies in your country. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(10mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\">   (b)  What are the <strong>demerits <\/strong>of protectionist policies in your country? \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(10mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify\">\n\u00a0<\/p>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\">7.(a)  Distinguish between <strong>public enterprises <\/strong>and <strong>private enterprises. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><em>(04mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\">   (b)  Assess the <strong>contribution <\/strong>of public enterprises in the development of your country.<br \/>\n<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(16mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify\">\n\u00a0<\/p>\n<p style=\"text-align: center\"><span style=\"font-size:13pt\"><strong><em>END.<br \/>\n<\/em><\/strong><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\"><br \/>\n\t\t<\/span>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>P220\/2 ECONOMICS PAPER 2 JUNE, 2014 3 HOURS \u00a0 ST.JOSEPH OF NAZARETH HIGH SCHOOL Uganda Advanced Certificate of Education PRE-MOCK<\/p>\n","protected":false},"author":1,"featured_media":349,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,1],"tags":[],"class_list":["post-62","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economics","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UACE ECONOMICS PAPER 2 PRE-MOCK EXAMS, 2014 ST.JOSEPH OF NAZARETH HIGH SCHOOL - MAKTABA EDUCATION CENTER<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/edu.co.tz\/notes\/uace-economics-paper-2-pre-mock-exams-2014-st-joseph-of-nazareth-high-school\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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