ECONOMICS

Explain five advantages of direct taxation in an economy. (10 marks)November 2022

Explain four assumptions implied in the law of supply. (8 marks)November 2022

Explain six factors that may lead to an increase in demand for commodities in a market.(12 marks)November 2022

Explain six circumstances under which price controls may be justified in an economy. (12 marks)November 2022

Explain five factors that may influence the supply of labour in an economy. (10 marks)November 2022

Explain five benefits that may accrue to a firm from operating in large scale. (10 marks)November 2022

Country X uses the expenditure approach in the determination of its national income. Outline five macro-economic expenditure categories that should be included in the approach. (10 marks)November 2022

Explain five factors that may limit credit creation in an economy. (10 marks)November 2022

Most developing countries rely heavily on borrowing to finance their development budgets. Explain five reasons for such reliance. (10 marks)November 2022

Explain five monetary measures that a government may take to control the level of inflation in an economy. (10 marks)November 2022