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    Zi) Ibabwe: School

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    Jjj

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    Zi) Ibabwe: School

    Uploaded by

    Bharaton
    95 views3 pages
    Jjj

    Original Title

    N2015 P2

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    Jjj

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    95 views3 pages

    Zi) Ibabwe: School

    Uploaded by

    Bharaton
    Jjj

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    You are on page 1of 3

    A.

    ,/zA\
    ,@)
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    ZI}IBABWE SCHOOL EXAMINATIOI{S COUI\CIL


    General Certificate of Education C)rdinary Level

    ECONOMICS 2283/2
    P.\PER. ]

    NOVEMBER 2OI5 SESSION 2 hours

    Additional materials:
    Answer paper

    TIME 2 hours

    INSTRUCTTONS TO CANDIDATES

    Write your name, Centre number and candidate number in the spaces provided on the ans\,ver
    paper/answer booklet.

    Answer any four queslions.

    Write your answers on the separate answer paper provided.


    If you use more than one sheet of paper, fasten the sheets together.

    INFORMATION FOR CANDIDATES

    [
    The number of marks is given in brackets ] at the encl of each question or part question.
    You are permitted to draw on material from your own country.

    This question paper consists of 3 printed pages and I blank page.


    Copyright: Zimbabwe School Examinations Council. N2015.
    a Zr\1SEC \1,.,i 5
    [Turn over
    )

    Answer any four questions,

    (a) State and explain the basic economic problem. tsl

    (b) What are the economic characteristics of a market economy? L2a1

    (a) What is the difference between indirect and direct production? [10]

    (b) Using examples, describe the three main stages of production. [1 s]

    (a) Describe any four features of a partnership. t8l


    (b) Compare a public limited compan,v and a public corporation using the
    following terms:

    (i) sector of the economy;

    (ii) ownership;

    (iii) objective;

    (i") control. Lfil


    (a) What are the causes of inflation? [0]
    (b) State and explain the possible economic effects of inflation. [15]

    (a) Describe any five factors that could affect the location of an industry. [10]

    (b) How r.vould the government of your country influence the location of an
    industry? [1 s]

    (a) "Market tbrces determine equilibrium price".

    Using a diagram. explain how the equilibrium price is set. [10]

    (b) Explain the factors that affect the supply of a commodity. [ 1s]

    Outline the arguments for and against nationalisation. [2s]

    2283/2 N20 I 5
    3

    (u) How rvould inflation affbct the following functions of money?

    (i) medium of exchange;


    l3l
    (ii) as a store of r.vealth;
    i3l
    (iii) standard lbr deferred payments.
    l3l
    (b) Identif and erplain anr.five characteristics of money.
    Ii 6r

    e (a) Define Gross Dornestic Product.


    t5l
    (b) why is it diff-rcult ro measure living standards using national income
    figures?
    [20]
    l0 why does a countrf impose resrrictions on international trade? [1 i'
    L--,

    2281/2 N2015

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