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<=KNEC Craft Certificate in Human Resource Management Module II Economics Past paper July 2023
Distinguish between micro-economics and macro-economics.
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Questions List:
1. Distinguish between micro-economics and macro-economics.
2. List four types of price elasticity of demand.
3. State four functions of money in an economy.
4. List two aspects of raw materials that may be considered when choosing a site to set-up a manufacturing firm.
5. State three challenges that are associated with the income approach to the measurement of national income.
6. Identify four sources of public finance in Kenya.
7. State three methods that may be used to restrict imports in a country.
8. State three factors that may hinder effective implementation of economic development plans in a country.
9. State three factors that may determine the fertility rate in a country.
1. Distinguish between micro-economics and macro-economics.
2. List four types of price elasticity of demand.
3. State four functions of money in an economy.
4. List two aspects of raw materials that may be considered when choosing a site to set-up a manufacturing firm.
5. State three challenges that are associated with the income approach to the measurement of national income.
6. Identify four sources of public finance in Kenya.
7. State three methods that may be used to restrict imports in a country.
8. State three factors that may hinder effective implementation of economic development plans in a country.
9. State three factors that may determine the fertility rate in a country.
