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Details [Content]:
- Economics 2018 / 2019 with Minors in Geography and Mathematics
-
Economics 2016 / 2017 with Minors in Geography and Mathematics
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Economics 2015 with Minors in Geography and Mathematics
-
Economics 2014 with Minors in Geography and Mathematics
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Economics 2013
- Economics 2012 with minor in Mathematics
- Economics 2010 with minor in Geography
- Economics 2009
- Proposed Answers to 2016
- Proposed Answers to 2015
- Proposed Answers to 2014
- Proposed Answers to 2013
- Proposed Answers to 2012
- Proposed Answers to 2011
- Proposed Answers to 2010
- Proposed Answers to 2009
Instructions:
Answer all the questions in section 1 (Major Paper) and all the questions in section 2 (Minor Paper). Selecting the most appropriate answer (letter A, B, C or D) for each item and write it on the corresponding number space provided in your Answer Booklet. Make sure you insert the question paper inside the answer Booklet before you leave the Examination Hall. Good Luck! Time allowed: 3 Hours.
Extract of the Paper of 2017/2018
COMPETITIVE ENTRANCE EXAMINATION INTO FIRST YEAR OF THE FIRST CYCLE
ACADEMIC YEAR: 2017/2018
DEPARTMENT: Economics
SECTION 1: MAJOR PAPER: Economics
INSTRUCTIONS
-In your answer booklet, write only the letter of the answer chosen against the question number.
- This question paper must be submitted together with the answer booklet.
-Each MCQ question carries one (1) mark.
-Answer Question 4 on your answer booklet
SECTION ONE: ECONOMICS
1) When an individual’s consumption of a public good does not reduce its benefit to other consumers, this characteristics is called: A) Non-excludability B) zero cost of supplying extra units C) Non-rivalry D) Free-rider syndrome
2) Opportunity cost means:A) The benefit forgone B) The cost forgone C) Benefit received from the next best alternative D)Cost incurred in producing the good chosen
3) Goods that have positive cross elasticity of demand are known as: A) Complements B) Independent goods C) Inferior goods D) Substitute
Question 4 and 5 are based on the table below
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labor
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1
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2
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3
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4
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5
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6
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7
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8
|
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Total product
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3
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8
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12
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15
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17
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17
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16
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13
|
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points
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A
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B
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C
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D
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E
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F
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G
|
H
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4 Constant returns occurs between output ranges: A) A-B B) B-C C) C-D D) D-E
5 Increasing return occurs between output ranges: A) A-B B) B-C C) C-D D) D-E
6 A loss making firm carries on production in the short run provided that: A) It can cover its variable cost B) it can cover its total costs C) it can cover its fixed cost D) it can cover its average revenue
7 A trade union can achieve both an increase in the wages of its members and employment opportunities by: A) Negotiating a minimum wage B) Restricting the supply of labor C) Enforcing open shop practices D) Increasing the demand for labor
8 The population of a country in 2015 was 10million people. The birth natural growth rate was 5% while five hundred thousand deaths were recorded, therefore the birth rate of the country in 2015 was: A) 6.5% B) 65% C) 50% D) 5%
9 A firm experiences increasing returns to variable factor when:
A) Total product is increasing at a decreasing rate
B) Proportionate increase in all factors lead to a more than proportionate increase in output
C) Total product is increasing at an increasing rate
10 An individual’s income increases from 100000 to 120000 FCFA.As a result his saving rises from 1000 to 3000FCFA, what is his MPC? A) 0.9 B) 0.2 C) 0.5 D) 0.4
11 The word preventive checks as used by Malthus are those:
A)provided by nature B) provided by man to control the population C) provided by nature to prevent deaths D) provided by man to prevent death
12 In an economy Y=C + I. If C= 100M + 0.6Y,planned investment is 200M and Y is 800M,therefore the value of unplanned Investment is A) 580M B) 600M C) 20M D) 1000M
13 All the theories below explain why the consumers buy more of a good at lower price than at higher price except; A) the marginal utility theory B) the indifference curve theory C) Demand and Supply D) The revealed preference theory
14 When a consumer is consuming two goods X and Y,he will be at equilibrium where
A) MUX/MUY=PX/PY B) MUX/PX=MUY/MUX C) PX=PY D) MU=price
15 The following information reveals the national income accounts of a hypothetical country
TDEmp= 500MFCFA GDPmp=480MFCFA GDPfc=460MFCFA Subsidies= 10MFCFA What is the value of imports? A) 560MFCFA B) 980MFCFA C) 30MFCFA D) 20MFCFA
16 It is only in the Command Economic system that production of goods and services:
A) Responds to the preference of firms B) Responds to directives C) Responds to the preferences of households D) Responds to consumer choice
17 Which of the following policies could be best in making exports competitive?
A) Deflation B) Devaluation C) Revaluation D) lowering interest rates
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