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Uganda Advanced Certificate of Education: Economics Paper 1 3 Hours Instructions To Candidates

This document provides instructions and questions for an economics exam consisting of two sections - Section A with 5 short answer questions worth 20 marks total, and Section B with 4 long answer questions worth 80 marks total. Candidates are instructed to answer all questions in Section A and 4 out of the 7 questions in Section B. The questions cover topics such as cross elasticity of demand, cost push inflation, types of unemployment, customs duties vs excise duties, planning approaches, oligopoly profit maximization, consumer price indices, export promotion strategies, monetary policy tools, population growth control measures, and public vs private enterprises.

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2K views2 pages

Uganda Advanced Certificate of Education: Economics Paper 1 3 Hours Instructions To Candidates

This document provides instructions and questions for an economics exam consisting of two sections - Section A with 5 short answer questions worth 20 marks total, and Section B with 4 long answer questions worth 80 marks total. Candidates are instructed to answer all questions in Section A and 4 out of the 7 questions in Section B. The questions cover topics such as cross elasticity of demand, cost push inflation, types of unemployment, customs duties vs excise duties, planning approaches, oligopoly profit maximization, consumer price indices, export promotion strategies, monetary policy tools, population growth control measures, and public vs private enterprises.

Uploaded by

John Doe
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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P 220/1

ECONOMICS
PAPER 1

Uganda Advanced Certificate of Education

ECONOMICS
Paper 1
3 Hours

INSTRUCTIONS TO CANDIDATES

- Answer FIVE questions.


- Section A is compulsory; answers to this section should be
concise.
- Answer FOUR questions from section B.
- All questions in section B carry equal marks.
- Credit will be given for the use of relevant diagrams.

SECTION A (20 Marks)

1 a) (i) Given the price of commodity Y increased from Shs 2,500 to


Shs 3,500 and as a result the quantity demanded of commodity Q
reduced by 20%. Calculate the cross elasticity of demand.
(3 marks)
(ii) How are the two commodities related?
(1 mark)
b) (i) What is cost push inflation?
(1 mark)
(ii) Mention any three causes of cost push inflation in an
economy. (3 Marks)

c) (i) Distinguish between disguised and seasonal unemployment.


(2 marks)
(ii) State two causes of disguised unemployment.
(2 Marks)
d) i) Distinguish between customs duty and excise duty
(2 marks)
ii) Give two reasons for the use of customs duty in an economy.
(2 marks)

e) i) Differentiate between comprehensive planning and decentralized


planning

Mock 2016 1
(2 marks)
ii) Mention two merits of decentralized planning in an economy.
(2 marks)

SECTION B (80 MARKS)


2. a) Explain how an oligopolistic firm maximizes profits in the short
run. (6 marks)
b) What are the implications of the existence of oligopoly in an
economy. (14 marks)

3 (a) Explain the process of computing consumer price index


(6 marks)
(b) What problems are encountered when computing consumer
price indices. (14
marks)

4. (a)Why may a country adopt an export promotion strategy of


industrial development.
(10 marks)
(b) What are the limitations of export promotion in developing
countries. (10 marks)

5. a) Explain the tools of monetary policy.


(12 marks)
b) What factors limit the effective operation of monetary policy in
developing countries.
(8 marks)

6. a) Why is it necessary to control the high population growth rate


in developing countries?
(10 marks)
b) Suggest measures that should be taken to control population
growth in developing countries.
(10 marks)

7. (a)Account for the establishment of public enterprises in


developing
Countries.
(10 marks)
(b) Explain the demerits of privatizing public enter prizes in
developing countries.
(10 marks)
END

Mock 2016 2

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