Although the question does not specify a context, the use of examples will better illustrate and enhance the quality of discussion L3 and E2 marks involved. Using Extract 1 and 2: This means that the opportunity cost of downloading a file in terms of time saved will be huge. Body 1 Multiplier – Explain the multiplier process Show how a change in autonomous expenditure will lead to a multiple change in equilibrium Y. A more Evaluative essay would: In fact from to Sep , it rose only by 4. Doing so would deny their consumers of consuming cheaper imports which will enhance their welfare.
Constantly aim to raise value added to stay ahead of other countries who like say Vietnam are in turn building CA in areas where we once had CA. Q4 Discuss the most appropriate policies that a government could adopt to encourage both actual and potential economic growth. UK although pipeline was available and running only half-full – Excess supply highlighted in Extract 2 where there was lack of gas storage facility; and – Low input costs not passed on to consumers due to rigidity in contract for domestic gas. Considering that bras is a labour intensive product, and China is labour abundant where low-skilled labour are paid lower wage rates compared to those in EU, then China may actually have the comparative advantage in producing bras. If China is indeed dumping, then action to prevent dumping will be justified as it protects EU consumers in the LR where by dumping had succeeded in increasing Chinese producer power in the EU market. Competition helps to reduce market power of individual energy firms. With faster broadband internet connections, this increases the ease of using iPods and the players and hence a greater need for PC, etc.
Music creators will face lower entry barriers to enter the recorded music industry since they.
Answers to H2 Economics 2008 GCE a Level Exam
Such power would allow the firm to have greater control over prices and as ecobs result lead to higher profits. Body 1 Multiplier – Explain stusy multiplier process Show how a change in autonomous expenditure will lead to a multiple change in equilibrium Y.
Disadvantages of globalisation growing doubts is well founded – increase import competition? Road congestion resulting in negative externalities due to imperfect information; OR.
In curing a recession, to what extent can a rise in G offset the fall in CD in big economies like US and the fall in X in extremely small and open economies like Spore? So concept of Exy will be relevant here.
Introduction – Economic efficiency comprises – Productive efficiency? This involves increasing expenditure on human capital and strategic alliances with firms that can make use of such labour, by offering ‘supply side support’.
The implication is that the DD rise DD shifts right cae hence qty will cqse by a more than proportionate amount. To manipulate the current account the S’pore government by and large does not use:. In this case, the protection measures by the EU is not economically justified. Inasmuch as they buy for example high tech consumer electronics, they may indeed buy them from us, but they may simply not buy many in the first place, as a result of their poverty. Policies directed at the capital account could include interest rate policy, taxation policy related to FDI and 2h infrastructure y2 other S-side policies such as employer CPF 22008.
At the same time, the yuan showed an appreciation. As for other ‘real’ intra-industry trade, differences in characteristics and tastes can explain it in other words, demand as well as supply.
Approach Part a is a rather straightforward question that simply needed a standard application of the content, whereas b required the student to assess the appropriateness of theory to real life. Develop CA in areas of higher value added to tap into growing world incomes and to avoid goods such as those primary products exported by many developing countries where prices are volatile.
A more Evaluative essay would: The aim is to prevent the whisky industry from collapsing last line of extract 6.
sudy Dumping usually occurs to drive domestic producers out of the market in order to establish monopoly power in the future. While price of electricity is increasing, prices of other fuels are increasing as well. Being tied to longer term contracts, consumers are not given the opportunity to respond to the lower studh prices of natural gas by increasing their quantity demanded of natural gas.
Students will have to consider the impact on two markets ie recorded music and associated products.
CA can take us only so far in explaining trade. Downloads, PC, hard drive.
H2 Economics Case Study Questions
For answers that are very descriptive and only able to show the link between barriers to entry and pricing decisions, it will at most score a Level 2 mark. As the Asian economies grow, theyll be importing more from the West. On the one hand intra-industry trade associated with entrept activity is easy to explain.
While explaining how the various policies may encourage actual and potential growth, the answer should also address potential limitations of the various policies and also the constraints of the nature of the economy. Possible causes of low price of Chinese shoes in EU markets: Holding other factors constant, an increase in price of electricity will result in a significant change in quantity demanded of electricity – Using concept of CED?
H2 Economics Case Study Questions
Hence, the UK fuel market remains an example of market failure. To score for this question, students need to bring in AC curves as this will build on the depth of analysis of the question, and enables the discussion to consider the short and long run.
Weaker answers would simply explain tsudy link between barriers to entry and market structure but were unable to focus on pricing decisions. Overview Part a requires explanation whereas b requires evaluation.