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Extracted Content: 2020_economics_olevel_mj_paper3
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ZIMBABWE SCHOOL EXAMINATIONS COUNCILGeneral Certificate of Education Ordinary Level
ECONOMICS 4050/3
PAPER 3 Essays
JUNE 2020 SESSION 2 hours
Additional materials:
Answer paper.
TIME 2 hours
INSTRUCTIONS TO CANDIDATES
Write your name, centre number and candidate number in the spaces provided on the answer
paper/answer booklet.
Answer any four questions.
Write your answers in the spaces provided on the question paper.
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 end of each question or part question.
You are reminded of the need for good English and clear presentation in your answers.
This question paper consists of 3 printed pages and 1 blank page.
Copyright: Zimbabwe School Examinations Council, J2020.
© ZIMSEC 32020 [Turn over
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Discuss any five reasons for the imposition of trade restrictions.Outline the importance of the following in job creation in a country such
as Zimbabwe:
(@) enterprising and
(ii) indigenisation.
Explain any four ways a country can use to solve the problem of
unemployment.
Explain the causes of high birth rate.
Discuss any three advantages and three disadvantages of population
growth in a country.
Explain any four functions of money.
Describe any four solutions to inflation.
Discuss any five features of monopolistic competition.
Define fixed costs and variable costs, giving examples of each.
Discuss any four reasons why small firms prefer to remain small.
Describe any four determinants of price elasticity of demand.
Using diagrams, explain the terms:
elastic supply,
unitary supply and,
inelastic supply.
Explain the relationship between scarcity, choice and opportunity cost.
Discuss any four disadvantages of command economy.
4050/3 32020
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10.(a)
(b)
(a)
(b)
Outline any four contents of the following business documents:
(@) Memorandum of Association and
(ii) Articles of Association.
Distinguish between a sole proprietor and a partnership.
Explain any four features of a developed country.
Discuss any four ways of achieving sustainable development.
4050/3 12020
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BLANK PAGE4050/3 32020
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