Economics Revision Kit
Economics
Subject No. 3
Revision Kit
[pic]
Strathmore University
[pic]
Distance Learning Centre
[pic]
P.O. Box 59857,
00200, Nairobi,
Kenya.
Tel: +254 (020) 606155
Fax: +254 (020) 607498
Email: dlc@strathmore.edu
Copyright
ALL RIGHTS RESERVED. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise without the prior written permission of the copyright owner. This publication may not be lent, resold, hired or otherwise disposed of by any way of trade without the prior written consent of the copyright owner.
© THE REGISTERED TRUSTEES STRATHMORE EDUCATION TRUST 1992
Acknowledgment
We gratefully acknowledge permission to quote from the past examination papers of the following bodies: Kenya Accountants and Secretaries National Examination Board (KASNEB); Chartered Institute of Management Accountants (CIMA); Chartered Association of Certified Accountants (ACCA).
We would like to extend our sincere gratitude and deep appreciated to Mr. Andrew Tanui for giving his time, expertise and valuable contribution in the initial preparation of this revision kit. He holds the following academic honors, Bachelor of Arts (Economics) University of Nairobi.
Contents
Acknowledgment ii
Part I: Introduction v Approach To Examinations vi Syllabus vii Topical Guide to Past Paper Questions xi
Part II: Revision Questions and Answers 1 Questions 1 Answers 11
Part III: Comprehensive Mock Examinations 140 Questions - Mocks 140 Answers - Mocks 148
Part I: Introduction
Although the economic orientation keeps changing, the underlying concept remains the same. This revision kit is in recognition of the fundamental principle that economics is a development and learning is a process. It is absolutely necessary to have a systematic approach to studies,
Subject No. 3
Revision Kit
[pic]
Strathmore University
[pic]
Distance Learning Centre
[pic]
P.O. Box 59857,
00200, Nairobi,
Kenya.
Tel: +254 (020) 606155
Fax: +254 (020) 607498
Email: dlc@strathmore.edu
Copyright
ALL RIGHTS RESERVED. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise without the prior written permission of the copyright owner. This publication may not be lent, resold, hired or otherwise disposed of by any way of trade without the prior written consent of the copyright owner.
© THE REGISTERED TRUSTEES STRATHMORE EDUCATION TRUST 1992
Acknowledgment
We gratefully acknowledge permission to quote from the past examination papers of the following bodies: Kenya Accountants and Secretaries National Examination Board (KASNEB); Chartered Institute of Management Accountants (CIMA); Chartered Association of Certified Accountants (ACCA).
We would like to extend our sincere gratitude and deep appreciated to Mr. Andrew Tanui for giving his time, expertise and valuable contribution in the initial preparation of this revision kit. He holds the following academic honors, Bachelor of Arts (Economics) University of Nairobi.
Contents
Acknowledgment ii
Part I: Introduction v Approach To Examinations vi Syllabus vii Topical Guide to Past Paper Questions xi
Part II: Revision Questions and Answers 1 Questions 1 Answers 11
Part III: Comprehensive Mock Examinations 140 Questions - Mocks 140 Answers - Mocks 148
Part I: Introduction
Although the economic orientation keeps changing, the underlying concept remains the same. This revision kit is in recognition of the fundamental principle that economics is a development and learning is a process. It is absolutely necessary to have a systematic approach to studies,