KNEC Craft Certificate in Human Resource Management Module II Economics Past paper July 2023 Answers

Answers for Craft Certificate in Human Resource Management Module II Economics Past paper July 2023

Course Name:  Human Resource Management
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CRAFT CERTIFICTE IN:
-SECRETARIAL STUDEIS
-SALES AND MARKETING
-SUPPLY CHAIN MNAGEMENT
-BUSINESS MANAGEMENT
-ROAD TRANSPORT MANAGEMENT
-CLERRICAL OPERATIONS
-CO-OPERATIVE MANAGEMENT
-INVESTMENT MANAGEMENT
Course Level:  Craft Certificate
Sub Level:       Module II
Course Unit:   Economics
Exam body:    KNEC
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1. Distinguish between micro-economics and macro-economics. ()
2. List four types of price elasticity of demand. ()
3. State four functions of money in an economy. ()
4. List two aspects of raw materials that may be considered when choosing a site to set-up a manufacturing firm. ()
5. State three challenges that are associated with the income approach to the measurement of national income. ()
6. Identify four sources of public finance in Kenya. ()
7. State three methods that may be used to restrict imports in a country. ()
8. State three factors that may hinder effective implementation of economic development plans in a country. ()
9. State three factors that may determine the fertility rate in a country. ()
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