Implications of developments in modern technology like faster broadband internet connections on entry barriers and market structure: 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. Similarly, the pattern of imports of foodstuffs, fuel, cars all of which are quite land intensive, much as they may differ in labour and capital intensity, fits well with Singapore’s factor shortcomings. Price rigidity can be a feature of oligopolistic markets. 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. So concept of Exy will be relevant here.
UK fuel market is oligopolistic. Conclude – Singapore uses a mixture of command-based as well as market-oriented approaches to solve. If anything it is the other way round the BOP allowed the ex rate to strengthen. In this case, the protection measures by the EU is not economically justified. With faster broadband internet connections, this increases the ease of using iPods and the players and hence a greater need for PC, etc.
For a country like Singapore, although it probably can satisfy the M-L condition, this does not influence its policy decision given that Spore uses exchange rate policy more for controlling inflation esp imported inflation rather than for managing BOP disequilibrium.
Answers to H2 Economics GCE a Level Exam
This shows significant intervention by Chinas central bank to sell the yuan in the process econa foreign reserves in order to keep the yuan undervalued, thus suggesting that Chinas govt is a currency manipulator.
Students are required to possess some knowledge of actual policies undertaken by u2 Singapore government to address these market failures. In addition, this new pipeline meant that it is now more responsive for the quantity supplied to react to changes in price. Economic welfare is not maximised. Similarly, the pattern of imports of foodstuffs, fuel, cars all of which are quite land intensive, much as they may differ in labour and capital intensity, fits well with Singapore’s factor shortcomings.
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 ecins for domestic gas.
USAs rising current account deficit is seen in figure 1 and this is to be contrasted with Chinas big rise in foreign reserves. Do not suggest that the exchange rate caused the BOP to strengthen.
2008 A-Levels H2 Economics Case Study
Not a case of dumping. Internally labour was upgraded by retraining older workers and equipping new workers with more saleable skills in their schooling and higher education. Explain that there is a range of market structures. Tertiary Education being under-consumed as a result of imperfect knowledge of the.
Published on Oct View 3. Q3 a Explain why imperfect information and immobility of factors of production may lead to market. 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 Xase may actually 20008 the comparative advantage in producing bras.
Introduction Define and explain both actual and potential economic growth may use AD-AS model or PPC Explain how actual and potential economic growth may be achieved increasing the components of AD for actual growth and quality and quantity of resources for potential growth Body Thesis Explain how each of the various macroeconomic policies may encourage actual and potential growth. Diagrams are encouraged for such questions.
Hence, allocative inefficiency is reduced. 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. While explaining how the various ecos 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.
Level 3 answers are also able to clearly illustrate the pricing setting behavior of a perfect. This might studh with the help of the Chinese government through, for example, subsidised rents and tax exemption. This represents allocative inefficiency as natural gas is not allocated to the highest bidding market.
H2 Economics Case Study Questions
To reach Level 3, answers should include diagrams MC, AC curves to show how profit- maximising decisions are made within a range of market structures. As the Asian economies grow, theyll be importing more from the West.
Assess how the markets involved might be affected by these developments. The growing doubt is not well founded. Critically eecons must say what policy instruments need to be used and enhanced to achieve these three goals. P 25R o cc.
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. Establish what is meant by globalisation: From onwards the policy has moved towards export production against a changing set of factor endowments.
Under such circumstances, dumping was certainly taking place. Students should understand that the behavior of firms largely depends on the type of market structure that they fall under.
Conclude – Singapore uses a mixture of command-based as well as market-oriented approaches to solve.