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Examination Session: Summer 1 |
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Year: 2024 |
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Exam Code: IFY_ECO_EXAM resit |
Module Title: IFY Economics
SECTION A: Answer two questions from this section
1) Explain the factors which can cause a change in supply for a product. [10 marks]
2) Explain the factors which can determine the level of consumption in an economy. [10 marks]
3) Explain the different methods of protectionism an economy might use to correct a deficit. [10 marks]
SECTION B: Answer two questions from this section
1) To what extent is a sharp appreciation of its exchange rate always beneficial for an economy? [20 marks]
2) Evaluate the policies a government may use to correct a balance of payments deficit. [20 marks]
3) To what extent is perfect competition a more desirable market structure than monopoly? [20 marks]