📄 Exam Questions & Readable Text Transcript
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Extracted Content: 4050q3 Specimen
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ZIMBABWE SCHOOL EXAMINATIONS COUNCILGeneral Certificate of Education Advanced Level
ECONOMICS 4050/3
PAPER 3
SPECIMEN PAPER 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 on the separate answer papers 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.
Y ou are reminded of the need for good English and clear presentation in your answers.
This specimen paper consists of 3 printed pages and 1 blank page.
Copyright: Zimbabwe School Examinations Council, Specimen Paper.
@ZIMSEC SPECIMEN PAPER [Turn over
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(a) Outline any four features of a free market economy. (b) ‘Explain any four advantages of a free market economy.Explain any five causes of wage differentials between workers in
the same industry in a developing country such as Zimbabwe.
(a) Explain any four determinants of demand.
(b) Using diagrams, describe;
(1) Change in quality supplied and,
(ii) change in supply.
(a) With reference to market structures describe;
@ abnormal profit
di normal profit
(b) ~——- With the aid of a diagram explain the short run equilibrium
position of a firm in monopolistic competition.
Explain any five reasons for continued existence of Small to Medium
Enterprises (SMEs) despite competition from large firms.
(a) Outline any four uses of National Income Statistics.
(b) Discuss any four limitations of National Income Statistics in
assessing living standards of people in a country.
(a) Explain any four problems of barter trade.
(b) Describe any four functions of commercial banks in the economic
development of a country.
(a) Describe any four ways to control population growth.
(b) ‘Explain any three economic factors contributing to the spread
of HIV and AIDS in adeveloping country such as Zimbabwe.
4050/3 SPECIMEN PAPER
12]
20]
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9 (a) State any four advantages of foreign trade. (b) How does Zimbabwe protect itself from foreign trade?10 = (a) Outline any four characteristics of a developing economy.
(b) Explain any four effects of economic growth and development.
4050/3 SPECIMEN PAPER
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BLANK PAGE4050/3 SPECIMEN PAPER
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