Economics
Lower
I960
SCOTTISH LEAVING CERTIFICATE EXAMINATION
ECONOMICS
Lower Grade
Thursday, 17th March—1.0 p.m. to 3.0 p.m.
All candidates should attempt FIVE questions, namely, the two questions in
Section A, and any three questions from Section B.
Candidates should read the questions carefully. The answers should be clearly
expressed and entirely relevant.
N.B.—Write legibly and neatly, and leave a space of about half an inch between
the lines.
Marks will be deducted for bad spelling and bad punctuation, and for
writing which is difficult to read.
The value attached to each question is shown in brackets after the question.
SECTION A
The two questions in this Section should be attempted.
1. What is “ industrial inertia ” ? Illustrate your answer by giving specific
examples. (20)
2. Why are changes in the value of money important for all sections of
the community ? (20)
SECTION B
THREE questions should be attempted from this Section.
3. What is meant by the mobility of labour ? Explain its importance for
the United Kingdom at the present time. (20)
4. Give an account of the functions of a savings bank. (20)
5. Why are profits important in a system of private enterprise ? (20)
6. What do you understand by specialisation of labour ? Describe its
advantages. (20)
7. Explain the difference between “economic” and “free” goods. To'
which category do the following belong : (a) pure air in a coal mine ; (b) a
doctor’s services : and (c) the water supply of a city ? Give reasons in each
instance. (20)
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(C68429)