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justLETAK! MAIN SITE > Archive for 1.3 Economics

Category: 1.3 Economics

What is Value of a Face Mask?

18/05/2020 Thomas Sim PEA2066

A.Go to justletakproperty.com for the article.

1.3 Economics1.3Leave a comment

Price Floor & Ceiling

20/03/2020 Thomas Sim PEA2066

Q.What is price floor and price ceiling? A.Price floor and price ceiling is related to setting price level in the market. Government intervention is key factor in regulating the price Read More …

1.3 Economics1.3Leave a comment

2019 Q Analysis D03 Economics

06/09/2019 Thomas Sim PEA2066
1.3 Economics, 2019 D03 Eco1.3Leave a comment

Free Market System Q1

16/11/2014 Thomas Sim PEA2066

Q. b) Explain the advantages and disadvantages of the following economic systems:- i) Central command system. (5 marks) ii) Free market system. (5 marks) iii) Regulated or mixed market system. Read More …

1.3 Economics1.3

Mixed Economy Q1

16/11/2014 Thomas Sim PEA2066

Q. b) Explain the advantages and disadvantages of the following economic systems:- i) Central command system. (5 marks) ii) Free market system. (5 marks) iii) Regulated or mixed market system. (5 Read More …

1.3 Economics1.3

Central Command System Q1

16/11/2014 Thomas Sim PEA2066

Q. b) Explain the advantages and disadvantages of the following economic systems:- i) Central command system. (5 marks) ii) Free market system. (5 marks) iii) Regulated or mixed market system. Read More …

1.3 Economics1.3

Degrees of inflation Q5

15/11/2014 Thomas Sim PEA2066

Q.b) Define inflation and explain the different degrees of inflation. (8 marks) (8 marks, 2013 Q5b) A.Inflation is associated with rising price. It is a situation in which there is Read More …

1.3 Economics1.3

Characteristics of Money as Medium of Exchange Q6

15/11/2014 Thomas Sim PEA2066

Q.b) Explain the characteristics of money as a medium of exchange. (5 marks) (5 marks, 2013 Q6b) A.MONEY CHARACTERISTICS: The four primary characteristics of money are:  (1) durability,  (2) divisibility,  Read More …

1.3 Economics1.3

Meaning of Protectionism Q7

15/11/2014 Thomas Sim PEA2066

Q. b) Explain with examples, the meaning of protectionism. (5 marks) (5 marks, 2013 Q7b) A. DEFINITION OF ‘PROTECTIONISM’ Government actions and policies that restrict or restrain international trade, often Read More …

1.3 Economics1.3

Contractionary Fiscal Policy Q7

15/11/2014 Thomas Sim PEA2066

Q.a) Fiscal Policy refers to the regulation of the level of government spending, taxation and public debt. Explain: iii) Contractionary Fiscal Policy. (5 marks) (5 marks, 2013 Q7aiii) A. From Read More …

1.3 Economics1.3

Expansionary monetary policy

15/11/2014 Thomas Sim PEA2066

Q.What is expansionary monetary policy? Is there a similarity to expansionary fiscal policy? A.Below is an article from AmosWEB under Encyclonomic Webpedia: EXPANSIONARY MONETARY POLICY: A form of monetary policy Read More …

1.3 Economics1.3

Expansionary Fiscal Policy Q7

15/11/2014 Thomas Sim PEA2066

Q.a) Fiscal Policy refers to the regulation of the level of government spending, taxation and public debt. Explain: ii) Expansionary Fiscal Policy. (5 marks) (5 marks, 2013 Q7aii) A.DEFINITION OF Read More …

1.3 Economics1.3

Arguments for and against Protectionism

14/11/2014 Thomas Sim PEA2066

Q. What are your arguments for and against Protectionism? A.Arguments for Protectionism Fledging industry argument: Certain industries possess a possible comparative advantage but have not yet exploited economies of scale. Short-term Read More …

1.3 Economics1.3

Tools of Protectionism

14/11/2014 Thomas Sim PEA2066

Q. In the context of international trade, explain the followings:- a) Tools of protectionism. (10 marks) (10 marks, 2014 Q8a) A. Protectionism & Barriers to Trade Author: Geoff Riley  Last updated: Sunday 23 Read More …

1.3 Economics1.3

Government Operating Expenditure vs Development Expenditure

12/11/2014 Thomas Sim PEA2066

Q.Differentiate the two. i) Government Operating Expenditure and Government Development Expenditure. (10 marks, 2012 Q8i) A. Ref:Infrastructure University Kuala Lumpur lecture slides:Macroeconomics (DBF 106): Government Expenditure athttp://www.slideshare.net/bubuadynn/macroeconomic-government-expenditure-comic A good comparison Read More …

1.3 Economics1.3

Causes of Money Supply to rise

12/11/2014 Thomas Sim PEA2066

Q. d) Discuss the causes of supply of money to rise in an economy. (8 marks) (8 marks, 2012 Q7d) What causes the money supply to rise? A. Banks choose Read More …

1.3 Economics1.3

M1 & M2 supply of money Q7

12/11/2014 Thomas Sim PEA2066

Q.Differentiate between M1 and M2 supply of money. (4 marks) (4 marks, 2012 Q7c) A.This definition of M1, M2 or even M0, MB, M3 and M4 are different measures of Read More …

1.3 Economics1.3

Inflation and deflation, which is worse? Q6

11/11/2014 Thomas Sim PEA2066

Q.There are always gainers and losers from inflation and deflation. Discuss. Which is more damaging to the economy as a whole and why? (15 marks) (15 marks, 2012 Q6b) A.On Read More …

1.3 Economics1.3

Monopolistic Competition

11/11/2014 Thomas Sim PEA2066

Q. a) Discuss the characteristics of the following market structure. Support your answer with examples. i) Perfect competition. (5 marks) ii) Monopolistic competition. (5 marks) (5 marks, 2012 Q4aii) A. Read More …

1.3 Economics1.3

Various barriers to entry in monopoly

05/11/2014 Thomas Sim PEA2066

Q. b) Monopoly is defined as a market structure where there is only one firm in the industry. For a firm to maintain its monopoly position, there must be barriers Read More …

1.3 Economics1.3

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