UTES_ECON1_2024.pdf

3 hours CamScanner Paper 1 fe$} CamScanner © 2024 Ug Turn Over Uganda Advanced Certificate of Education Paper | ECONOMICS 3 hours Any additional question(s) attempted will not be marked. , inati ‘heme July/Aug. 2024 Credit will be given for use of relevant diagrams. ECONOMICS Section A is compulsory. Answers to this section should be precise and concise. p220/1 JOINT MOCK EXAMINATIONS All questions in section B carry equal marks. Answer four (4) questions from section B. INSTRUCTIONS TO CANDIDATES: Attempt five (5) questions only. UGANDA TEACHERS’ EXAMINATIONS SCHEME 2024 Uganda Teachers’ Examinations Se ‘conomy. (i) Dist; Wer alll parts of this question. 1 (02 marks) (i) | What is meant by the term “collective bargaining”? (01 mark) (02 marks) Seest any two ways of increasing effective demand fo (ii) Give (02 marks) (a) in an economy: (08 marks) (i) Define the term “dumping” as used in taxation. (02 marks) S (©) (i) Define the term “critical minimum effort” as used in the ‘ 2 (03 marks) Suish between effective demand and latent deman (ii) | Mention any two effects of dumping in an economy. (b) (ii) Give any two examples of leakages in an economy. Answer any four questions Jrom this section. nsw (e) ECTION A: (20 MARKS) balanced growth strategy of economic development. (02 marks) ice mechanism in the allocation of allocation of resources in an © y (12 marks SECTION B: (80 MARKS) (b) (ii) | Mention any two limitations of the balanced growth strategy. CamScanner (i) (02 ma rks)