Question
1.1 discuss four(4) factors that would cause a rightward shift of the supply curve. 1.2 List and discuss the two main factors of economics growth
1.1 discuss four(4) factors that would cause a rightward shift of the supply curve.
1.2 List and discuss the two main factors of economics growth according to production possibility frontier model.
1.3 Explain the relationship between the independent and depended variable in terms of gross elasticity of demand.
2.1 Explain the law of dimishing returns and give example.
2.2 Describe the type of goods/services produced by firms in the following market structure.
2.2.1 Oligopoly
2.2.2 Monopoly
2.3 Explain with the aid of a diagram ,the relationship between the three short-run total cost curve.
3.1 explain with the aid of a diagram the shape of the individual labour supply curve..
3.2 Discuss the difference between the labour market and goods market.
4.1 Discuss the meaning of expansionary fiscal policy .
4.2 List and discuss two(2) reasons for the downward sloping aggregate demand curve.
4.3 Describe seasonal unemployment .Use an example to motivate your answwer.
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