PRESIDENT’S OFFICE REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT ‘TANZANIA HEADS OF SECONDARY SCHOOLS ASSOCIATION (TAHOSSA) LAKE ZONE FORM SIX MOCK EXAMINATION - 2018 CODE NO. 151/1 ECONOMICS 1 ‘TIME: 3 HOURS. INSTRUCTIONS: ts v ws 6. ‘This paper consists of section of Fight ( 08) questions in Sections A and B. Answer only Five (5) questions, choosing at least wo (02) questions from each section. Each question carries Twenty (20) marks. Show your work clearly and non-programmable calculator may be allowed in the examination. Cellular phones are not allowed in the Examination room, Write your Index number on every page of your answer sheet(s).SECTION A: Answer at least two (02) questions from this section. QUESTION O1 ' (2) How faris it correct to say that Robbins definition limit the scope of economics? Provide five (05) point (b) (i) _~—_ Define the term opportunity cost curve (ii) With the aid of diagrams explain three (08) uses of production possibility curve QUESTION TWO (a) Briefly explain three (03) general characteristics of the factors of productions (b) With the aid of diagram differentiate between stages of production and regions of productions (©) Isaland capital? Why (give out five point) QUESTION THR /(@) Use illustrations to distinguish between movement along demand curve and BY shift of demand curve. (6) Elaborate five (05) factors affecting demand for any commodity. (©) Given the following functions. Q =12+3P Q = 88-2P Use the functions above to calculate. () Price elasticity of demand (i) Price elasticity of supply (ii) Comment on degree of price elasticity of demand in c(i) above. QUESTION FOUR (a) With illustration explain how a firm may maximize profit in both short run and long run under perfect competition market structure. (>) Write three (03) differences and two (02) similarities between perfect competition market and monopolistic competition market. (©) Elaborate four ways in which the price can be determined in the market, Page | 2SECTION B: Answer at least two (02) question from this section. QUESTION FIVE (2) Explain three (03) objectives of monetary policy to curb inflation in Tanzania (b) Briefly explain four (04) causes of break down of the gold standard. (c)__ Write three (03) definitions of money supply. QUESTION SIX (a) Unemployment is investable in Tanzania. Discuss. (Provide five (05) points) (b) Demonstrate five (05) general characteristics of business flunctuation. QUESTION SEVEN (@) With the aid of diagram explain the concept of under population, optimum population and over population. (b) Use the knowledge of economics to relate the concept of population growth and economic development. (Provide five points) QUESTION EIGHT (2) _ Elaborate five (05) measures to control environmental pollution in Tanzania. (b) Describe the reasons for nationalization policy of industries in Tanzania today (Provide five (05) points) Page | 3