PAPER 2

1. (a) Differentiate between taxable capacity and tax base
(ii)State any two reasons for the narrow tax base in your country

(b)What is meant by a development goal?
(ii)Mention any three development goals in your country

(c)State any four factors which limit the effective operation of trade unions in your country

(d)What is meant by economic development planning?
(ii)Give any three factors that affect the implementation of development plans in your country

(e) Distinguish between economics profits and normal profits
(ii) Mention any two factors that influence the lever of profits in your country

2. What is meant by Foreign Aid?
(b)Asses the impact of Foreign Aid on the development of your country

3. Explain the role of the private sector in the development of your country
(b)What measures have been taken to promote the development of the private sector in your country?

4.  (a)Describe the features of an oligopolistic market
(b)Examine the merits and demerits of oligopolistic markets

5. (a)Outline the objectives of the monetary policy in your country
(b)Examine the factors that limit the success of the monetary policy in your country

6. What is meant by the term ‘’trade liberalization’’?
(b)Examine the merits and demerits of trade liberalization in your country

Explain the contribution of public enterprises to the development of your country
(b)What are the problems faced by public enterprises in your country?