{"id":64,"date":"2023-04-01T12:46:09","date_gmt":"2023-04-01T12:46:09","guid":{"rendered":"http:\/\/localhost\/solvefor2\/?p=64"},"modified":"2023-04-01T11:57:47","modified_gmt":"2023-04-01T11:57:47","slug":"uace-economics-paper-2-mukono-examinations-council-jul-aug-2016","status":"publish","type":"post","link":"https:\/\/edu.co.tz\/notes\/uace-economics-paper-2-mukono-examinations-council-jul-aug-2016\/","title":{"rendered":"UACE ECONOMICS Paper 2 MUKONO EXAMINATIONS COUNCIL Jul\/Aug 2016"},"content":{"rendered":"<p><span style=\"font-family:Calibri Light; font-size:12pt\"><strong>P220\/2<br \/>\n<\/strong><\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\"><strong>ECONOMICS<br \/>\n<\/strong><\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\"><strong>Paper 2<br \/>\n<\/strong><\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\"><strong>Jul\/Aug 2016<br \/>\n<\/strong><\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\"><strong>3 Hours<br \/>\n<\/strong><\/span><\/p>\n<p>\n\u00a0<\/p>\n<p><img decoding=\"async\" align=\"left\" src=\"http:\/\/localhost\/solvefor2\/assets\/images\/kev3\/042122_1358_UACEECONOMI1.png\" alt=\"\"\/><span style=\"font-family:Calibri Light; font-size:12pt\"><strong><br \/>\n\t\t\t<\/strong><\/span><\/p>\n<p>\n\u00a0<\/p>\n<p>\n\u00a0<\/p>\n<p>\n\u00a0<\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Calibri Light; font-size:12pt\"><strong>MUKONO EXAMINATIONS COUNCIL<br \/>\n<\/strong><\/span><\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Calibri Light; font-size:12pt\"><strong>Uganda Advanced Certificate of Education<br \/>\n<\/strong><\/span><\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Calibri Light; font-size:12pt\"><strong>ECONOMICS<br \/>\n<\/strong><\/span><\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Calibri Light; font-size:12pt\">Paper 2<br \/>\n<\/span><\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Calibri Light; font-size:12pt\"><strong>3 Hours<br \/>\n<\/strong><\/span><\/p>\n<p>\n\u00a0<\/p>\n<p>\n\u00a0<\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\"><strong>INSTRUCTIONS TO CANDIDATES<br \/>\n<\/strong><\/span><\/p>\n<ul>\n<li><span style=\"font-family:Calibri Light; font-size:12pt\"><em>Answer<strong> five<\/strong> questions only<br \/>\n<\/em><\/span><\/li>\n<li><span style=\"font-family:Calibri Light; font-size:12pt\"><em>Section <strong>A<\/strong> is compulsory. Answers to this section should be precise.<br \/>\n<\/em><\/span><\/li>\n<li><span style=\"font-family:Calibri Light; font-size:12pt\"><em>Answer <strong>four <\/strong>questions from section <strong>B.<\/strong><br \/>\n\t\t\t\t<\/em><\/span><\/li>\n<li><span style=\"font-family:Calibri Light; font-size:12pt\"><em>All questions in section <strong>B<\/strong> carry equal marks.<br \/>\n<\/em><\/span><\/li>\n<li><span style=\"font-family:Calibri Light; font-size:12pt\"><em>Credit will be given for use of relevant diagrams.<br \/>\n<\/em><\/span><\/li>\n<li><span style=\"font-family:Calibri Light; font-size:12pt\"><em>Any additional question(s) answered will be marked.<br \/>\n<\/em><\/span><\/li>\n<\/ul>\n<p>\n\u00a0<\/p>\n<p style=\"margin-left: 3pt\">\n\u00a0<\/p>\n<p style=\"text-align: center; margin-left: 3pt\"><span style=\"font-family:Calibri Light; font-size:12pt\"><strong>SECTION A (20MARKS)<br \/>\n<\/strong><\/span><\/p>\n<p style=\"margin-left: 3pt\"><span style=\"font-family:Calibri Light; font-size:12pt\">1. a) (i) What  is meant by consumer surplus? \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<strong><em>(01mark)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p style=\"margin-left: 3pt\"><span style=\"font-family:Calibri Light; font-size:12pt\">         (ii) Study the table below and answer the question that follows.<br \/>\n<\/span><\/p>\n<div style=\"margin-left: 45pt\">\n<table style=\"border-collapse:collapse\" border=\"0\">\n<colgroup>\n<col style=\"width:264px\"\/>\n<col style=\"width:246px\"\/><\/colgroup>\n<tbody valign=\"top\">\n<tr>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  solid 0.5pt; border-left:  solid 0.5pt; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: center\"><span style=\"font-family:Calibri Light; font-size:12pt\">Price in shs<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  solid 0.5pt; border-left:  none; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: center\"><span style=\"font-family:Calibri Light; font-size:12pt\">Quantity<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  solid 0.5pt; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: center\"><span style=\"font-family:Calibri Light; font-size:12pt\">650<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  none; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: center\"><span style=\"font-family:Calibri Light; font-size:12pt\">1<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  solid 0.5pt; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: center\"><span style=\"font-family:Calibri Light; font-size:12pt\">600<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  none; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: center\"><span style=\"font-family:Calibri Light; font-size:12pt\">2<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  solid 0.5pt; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: center\"><span style=\"font-family:Calibri Light; font-size:12pt\">550<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  none; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: center\"><span style=\"font-family:Calibri Light; font-size:12pt\">3<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  solid 0.5pt; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: center\"><span style=\"font-family:Calibri Light; font-size:12pt\">500<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  none; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: center\"><span style=\"font-family:Calibri Light; font-size:12pt\">4<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  solid 0.5pt; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: center\"><span style=\"font-family:Calibri Light; font-size:12pt\">450<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  none; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: center\"><span style=\"font-family:Calibri Light; font-size:12pt\">5<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  solid 0.5pt; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: center\"><span style=\"font-family:Calibri Light; font-size:12pt\">400<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  none; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: center\"><span style=\"font-family:Calibri Light; font-size:12pt\">6<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"margin-left: 3pt\">\n\u00a0<\/p>\n<p style=\"margin-left: 3pt\"><span style=\"font-family:Calibri Light; font-size:12pt\">          Calculate the consumer surplus when the market price is shs 500 and  4units are<br \/>\n<\/span><\/p>\n<p style=\"margin-left: 3pt\"><span style=\"font-family:Calibri Light; font-size:12pt\">           bought.<br \/>\n<\/span><\/p>\n<p style=\"margin-left: 3pt\"><span style=\"font-family:Calibri Light; font-size:12pt\">      b) (i) Distinguish between vertical merging and conglomerate merging of firms.<br \/>\n<\/span><\/p>\n<p style=\"margin-left: 363pt\"><span style=\"font-family:Calibri Light; font-size:12pt\"><strong><em>(02marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\">             (ii) State two reasons for merging of firms.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<strong><em>(02marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\"><strong><em><br \/>\n\t\t\t\t<\/em><\/strong>   c) (i) Distinguish between time rate and piece rate methods of wage payment.<br \/>\n<\/span><\/p>\n<p style=\"margin-left: 360pt\"><span style=\"font-family:Calibri Light; font-size:12pt\"><strong><em>(02marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\">             (ii) Mention two demerits of using time rate method in your country.   <strong><em>(02marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\"><strong><em><br \/>\n\t\t\t\t<\/em><\/strong>   d) Give four features of the export sector in your country. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<strong><em>(04marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\"><strong><em><br \/>\n\t\t\t\t<\/em><\/strong>e) (i) Differentiate between a funded debt and unfunded. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<strong><em>(02marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\"><strong><em><br \/>\n\t\t\t\t<\/em><\/strong> (ii) Mention two objectives for incurring public debts in your country.  <strong><em>(02marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p>\n\u00a0<\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Calibri Light; font-size:12pt\"><strong>SECTION B (80MARKS)<br \/>\n<\/strong><\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\">2. a) Distinguish between joint supply and competitive supply. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<strong><em>(04marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\">    b) Account for low price elasticity of supply in your country. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<strong><em>(16marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p>\n\u00a0<\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\">3. a) Explain the benefits of expanding the industrial sector in your country. \u00a0\u00a0\u00a0\u00a0<strong><em>(10marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\"><strong><em><br \/>\n\t\t\t\t<\/em><\/strong>   b) Discuss the measures that have been taken to promote  the industrial sector in your<br \/>\n<\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\">           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<strong><em>(10marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p>\n\u00a0<\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\">4. a) What factors are responsible for unfavourable Terms of Trade (T.O.T) in your<br \/>\n<\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\">          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     <strong><em>(10marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\">     b) Suggest the measures that should be taken to improve Terms of Trade in your<br \/>\n<\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\">          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     <strong><em>(10marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p>\n\u00a0<\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\">5. a) What factors are put forward by trade unions to demand for a pay rise in your<br \/>\n<\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\">          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     <strong><em>(06marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\">     b) Explain the factors that affect the success of Trade Unions in your country. <strong><em>(14marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p>\n\u00a0<\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\">6. a) Differentiate between a deficit budget and surplus budget. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0     <strong><em>(04marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\">    b) Account for the persistent budgetary deficits in your country. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0    <strong><em>(16marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p>\n\u00a0<\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\">7. a) Explain the Keynesian theory of unemployment. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0    <strong><em>(04marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\"><strong><em><br \/>\n\t\t\t\t<\/em><\/strong> b) To what extent is the Keynesian theory of unemployment relevant to your country?<br \/>\n<\/span><\/p>\n<p style=\"margin-left: 360pt\"><span style=\"font-family:Calibri Light; font-size:12pt\"><strong><em>   (16marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p>\n\u00a0<\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Calibri Light; font-size:12pt\"><strong><em>End &#8211;<br \/>\n<\/em><\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>P220\/2 ECONOMICS Paper 2 Jul\/Aug 2016 3 Hours \u00a0 \u00a0 \u00a0 \u00a0 MUKONO EXAMINATIONS COUNCIL Uganda Advanced Certificate of Education<\/p>\n","protected":false},"author":1,"featured_media":276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,1],"tags":[],"class_list":["post-64","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 MUKONO EXAMINATIONS COUNCIL Jul\/Aug 2016 - 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-mukono-examinations-council-jul-aug-2016\/\" \/>\n<meta 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