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    2009 H2 Econ Prelim Essay - Question Paper

    Uploaded by

    Naix Niy Gno
    This document is an exam paper for Economics from Yishun Junior College in Singapore in 2009. It contains instructions for students on how to complete the exam, which consists of 3 questions to choose from across 2 sections. Section A and B contain 2 essay questions each, testing various macroeconomics and microeconomics concepts. Students must pick 1 question from each section and 1 other question for a total of 3 questions.

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    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd

    2009 H2 Econ Prelim Essay - Question Paper

    Uploaded by

    Naix Niy Gno
    499 views3 pages
    This document is an exam paper for Economics from Yishun Junior College in Singapore in 2009. It contains instructions for students on how to complete the exam, which consists of 3 questions to choose from across 2 sections. Section A and B contain 2 essay questions each, testing various macroeconomics and microeconomics concepts. Students must pick 1 question from each section and 1 other question for a total of 3 questions.

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    This document is an exam paper for Economics from Yishun Junior College in Singapore in 2009. It contains instructions for students on how to complete the exam, which consists of 3 questions to choose from across 2 sections. Section A and B contain 2 essay questions each, testing various macroeconomics and microeconomics concepts. Students must pick 1 question from each section and 1 other question for a total of 3 questions.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    499 views3 pages

    2009 H2 Econ Prelim Essay - Question Paper

    Uploaded by

    Naix Niy Gno
    This document is an exam paper for Economics from Yishun Junior College in Singapore in 2009. It contains instructions for students on how to complete the exam, which consists of 3 questions to choose from across 2 sections. Section A and B contain 2 essay questions each, testing various macroeconomics and microeconomics concepts. Students must pick 1 question from each section and 1 other question for a total of 3 questions.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    YISHUN JUNIOR COLLEGE

    JC2 PRELIMINARY EXAMINATION 2009

    H2 ECONOMICS 9732/02
    PAPER 2: Essay Questions 21 August 2009

    TIME: 2 hours 15 mins


    Additional Materials : Answer Paper

    YISHUN JUNIOR COLLEGE YISHUN JUNIOR COLLEGE YISHUN JUNIOR COLLEGE YISHUN JUNIOR COLLEGE YISHUN JUNIOR COLLEGE

    YISHUN JUNIOR COLLEGE YISHUN JUNIOR COLLEGE YISHUN JUNIOR COLLEGE YISHUN JUNIOR COLLEGE YISHUN JUNIOR COLLEGE

    YISHUN JUNIOR COLLEGE YISHUN JUNIOR COLLEGE YISHUN JUNIOR COLLEGE YISHUN JUNIOR COLLEGE YISHUN JUNIOR COLLEGE

    YISHUN JUNIOR COLLEGE YISHUN JUNIOR COLLEGE YISHUN JUNIOR COLLEGE YISHUN JUNIOR COLLEGE YISHUN JUNIOR COLLEGE

    YISHUN JUNIOR COLLEGE YISHUN JUNIOR COLLEGE YISHUN JUNIOR COLLEGE YISHUN JUNIOR COLLEGE YISHUN JUNIOR COLLEGE

    YISHUN JUNIOR COLLEGE YISHUN JUNIOR COLLEGE YISHUN JUNIOR COLLEGE YISHUN JUNIOR COLLEGE YISHUN JUNIOR COLLEGE

    READ THESE INSTRUCTIONS FIRST


    Write your name and CTG on all the work you hand in.
    Write in dark blue or black pen on both sides of the paper.
    You may use a soft pencil for any diagrams, graphs or rough working.
    Do not use highlighters or correction fluid.

    Answer three questions in total, of which one must be from Section A, one from Section B
    and one from either Section A or Section B.

    At the end of the examination, fasten all your work securely together.

    The number of marks is given in brackets [ ] at the end of each question or part question.

    This paper consists of 3 printed pages


    2

    Answer three questions in total

    Section A

    One or two of your three chosen questions must be from this section.

    1 The growth of internet shopping gathered pace enormously in 2007. In UK, the
    Interactive Media Group (IMRG) estimates that consumers spent £53 billion online
    during the year, an increase of 75% on the previous year.

    Economics Today, Mar 2008

    (a) Using economic theory, explain the increase in consumer expenditure in the online
    retail market. [12]
    (b) To what extent is the internet making markets more competitive? [13]

    2 The existence of many small travel agents, each working well below-capacity, is a
    sign of inefficiency.

    (a) Using diagrams, explain the short-run and long-run equilibrium positions of a firm in
    the travel agency industry. [10]
    (b) Discuss the view that greater efficiency would result if the travel agency industry
    showed more characteristics of a monopoly. [15]

    3 Discuss, with economic reasons to support your arguments, whether the Singapore
    government currently adopts the most appropriate policies in the provision of
    healthcare. [25]

    Section B

    One or two of your three chosen questions must be from this section.

    4 Singapore’s trade-sensitive economy has entered a recession for the first time in six
    years due to the impact of the worsening US financial crisis and the deepening credit
    crunch. Singapore will have an expansionary budget next year to help its citizens
    cope with weaker economic growth.

    Source : Channel News Asia (6 November 2008)

    (a) Explain how an expansionary budget can be used to bring an economy out of a
    recession. [10]
    (b) Discuss whether an expansionary budget is the best policy the Singapore
    government can adopt to deal with the recession caused by the ‘worsening US
    financial crisis and the deepening credit crunch.’ [15]
    3

    5(a) Explain why economic growth is regarded as a major macroeconomic objective


    by most governments. [10]

    (b) Discuss the view that, in the long run in Singapore, the macroeconomic objectives of
    economic growth, price stability, full employment and a strong balance of payments
    can be achieved without conflicting with each other. [15]

    6 The United States should not be indifferent to the fact that rising currency values (of
    other countries) can threaten economic prosperity in those countries, but the right
    solution to this problem is to encourage our trading partners to stimulate their own
    domestic economies, rather than to keep the dollar overvalued and let them achieve
    export-led growth at our expense.

    Testimony on the impact of overvalued dollar on the American economy


    by Robert A. Blecker 9 Mar 2003

    (a) Explain how ‘rising currency values can threaten economic prosperity’ in a country.
    [10]

    (b) To what extent is the assertion that the United States should ‘encourage trading
    partners to stimulate their domestic economies, rather than to keep the US dollar
    overvalued’ valid? [15]

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