Download and practise with this A-Level Economics June 2018 question paper. Useful for revision, practice, and exam preparation in Zimbabwe.
A free account is needed to download. Sign in or create one
This is the A-Level Economics question paper for Paper 3 from June 2018. Use it for exam practice under timed conditions.
2 1 (a) Explain how the basic economic questions are answered in a market [10] economy. (b) Discuss whether market economy best solves the basic economic problem. [15] 2 (a) Explain the factors that influence price elasticity of demand of a product [10] (b) Discuss the usefulness of price elasticity of demand to the government of [15] your country. 3 (a) Explain how the size of a firm is mcasured. [10] (b) Evaluate the benefits of small firms to your country. [15] (4) (a) Explain (i) firm. (ii) plant, [12] (iii) industry. (b) Evaluate the advantages of monopolies to socicty. [13] 5 (a) Explain how the Marginal Revenue Productivity Theory (MRP) [12] determines wages. (b) Discuss the relevance of the Marginal Revenue Productivity Theory [13] (MRP) to wage determination in your country. [12] 6 (a) Explain the challenges of measuring national income. [13] (b) Discuss the usefulness of National Income Statistics in your country. [10] 7 (a) Explain the factors that influence the terms of trade. (b) Evaluate policies that a country can use to correct a deficit on its balance [15] of payments. 8 Assess whether your country should influence the exchange rate of its currency. [25] 9 (a) Outline the characteristics of a good tax. [10] (b) Discuss the effects of indirect taxes in your country. [15] 10 (a) Explain the consequcaces of a high rate of inflation to a country. [10] (b) Evaluate the effectiveness of fiscal and monetary policy in reducing [15] inflation in a country varu! 9154912018 Scanned by CamScanner