Calculate Sales, Cost of Sales, % net profit on Sales & Inventory turnover rate Q8
i) Sales ii) Cost of Sales iii) Percentage of net profit on Sales iv) Inventory turnover rate (20 marks, 2019 Q8) A. Ref:
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Monetary vs Fiscal Policy controlling inflation, Macro v Micro economics Q1
Q. a) Describe the two (2) following methods to control inflation: i. Monetary Policy. (5 marks) ii. Fiscal Policy. (5 marks) b) Explain the difference between macroeconomics and microeconomics. (10 marks) (20 marks, 2019 Q1) A. Ref:
GOV Intervention in stabilizing economy, Domestic vs International Trade Q2
Q. a) Explain the mechanism of government intervention in stabilizing the economy. (10 marks) b) Describe the difference between Domestic Trade and International Trade. (10 marks) (20 marks, 2019 Q2) A. Ref:
Demand-pull v Cost-push Inflation and Monopoly & Oligopoly Q3
Q. a) Explain the following causes of inflation. i. Demand-pull inflation. (5 marks) ii. Cost-push inflation. (5 marks) b) Explain the following terms in the context of market structure. i. Monopoly. (5 marks) ii. Oligopoly. (5 marks) (20 marks, 2019 Q3) A. Ref:
Deflation v Inflation and Gov Intervention lowering price of goods Q4
Q. a) Explain the difference between deflation and inflation. (10 marks) b) "Government intervention in the economy can lower the price of goods". Explain. (10 marks) (20 marks, 2019 Q4) A. Ref:
Free economic system v central planned economic system Q5
Q. Describe four (4) characteristics that differentiate free economic system and central planned economic system. (20 marks, 2019 Q5) A. Ref:
Firm v Industry and Equilibrium position short-run v long-run Q6
Q. a) Explain the difference between firm and industry. (10 marks) b) Show the equilibrium position of a firm and industry under perfect competition in short-run and long-run. (10 marks) (20 marks, 2019 Q6) A. Ref: