Download and practise with this Globetrotter Education Movement (GEM) A-Level Economics Midyear 2022 question paper. Useful for school exam revision, classroom practice, homework support, and preparation in Zimbabwe.
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This is the A-Level Economics question paper for Paper 3 from Midyear 2022. Use it for exam practice under timed conditions. The paper code is 6073/3. Time allowed: 3 hours.
GLOBETROTTER EDUCATION MOVEMENT (GEM) WITH SIR TROTTER (\#HOT POT! \#POTO! YAKAIBVA \#IMBIZA EVUTHIWEYO) ECONOMICS LOWER SIX 6073/3 J2022 MIDYEAR EXAMINATION 3 hours INSTRUCTIONS TO CANDIDATES Answer any four questions You are reminded of the need for good English and clear presentation in your answers. 1. Giving examples, discuss whether multinational companies are beneficial to your country. [25] 2. (a) Distinguish between positive and normative statements in economics [10] (b) Critically examine the economic benefits of a planned economy [15] 3. (a) Contrast the main features of a command and a free market economy [10] (b) Discuss the view that governments of both developed and developing countries should perform the same roles in an economy. [15] 4. "All firms can effectively grow through mergers." Discuss. [25] 5. (a) Explain the main features of a mixed economy. [10] (b) Evaluate the short-term and long run effects of the transition from a planned to a mixed economy. [15] 6. (a) Analyse the link between opportunity cost and the basic economic questions. [10] (b) Evaluate the short-term effects of transition from a planned to a mixed economy [15] 7. (a) Explain the methods used to classify businesses as large or small. [10] (b) Assess the benefits of large businesses to the society. [15] 8. (a) Analyse the reasons for a multinational company to locate in your country. [10] (b) Evaluate the significance of small to medium enterprises to the economy of Zimbabwe. [15] 9. Discuss the effectiveness of government support in ensuring growth of small firms [25] 10. (a) Differentiate between change in demand and change in quantity demanded. [10] (b) Discuss and illustrate the assertion that the demand curve is always downward sloping. [15] 11. (a) Explain the functions of price in a market economy. [12] (b) Discuss the reasons why mixed economies have replaced most of the former planned economies [13] 12. (a) Discuss the determinants of demand for a product such as mobile phones. [12] (b) Evaluate the benefits of business growth to a firm. [13] Prof. Themba Hwatirera A.K.A The Trotter (The Blackball Sinker) 0774998145 thwatirera@gmail.com Ngaidyiwe poto; Nzara haiperi neflavour. Metamorphosis + consistency. Hoche koche ne concept. Ukungaguqukiguquki