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1.Enumerate five advantages and five disadvantages of a planned economic system. 2.Highlight four steps followed in the scientific method used in economics 3.Outline six advantages

1.Enumerate five advantages and five disadvantages of a planned economic system.

2.Highlight four steps followed in the scientific method used in economics

3.Outline six advantages of a controlled market system

4.summarize five ways through which the government could influence

the allocation of resources in a free market economy

5.Differentiate between microeconomy theory and a macroeconomy theory

6.Explain the three basic economic problems

7.Outline six limitations of a free market economy

8."a government might intervene in a free market economic system" discuss

five reasons that might drive a government to intervene

9.Explain four disadvantages of a planned economy

10.Summarize four roles of economy agents in a mixed economy

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