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    2012 Term 4 H2 Economics Revision - Week 4 Essay Questions

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    Ryan Zamora
    This document provides an economics revision guide covering international trade topics. It includes 5 practice exam questions related to changes in trade patterns from globalization, Singapore's shift to improving labor productivity, the impact of an open economy on living standards in Singapore, the effects of a rising trade deficit, and the impact of currency depreciation on an economy. Students are instructed to prepare detailed essay outlines for between 1-5 of the questions depending on which lecture theater they are assigned to.

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    2012 Term 4 H2 Economics Revision - Week 4 Essay Questions

    Uploaded by

    Ryan Zamora
    269 views1 page
    This document provides an economics revision guide covering international trade topics. It includes 5 practice exam questions related to changes in trade patterns from globalization, Singapore's shift to improving labor productivity, the impact of an open economy on living standards in Singapore, the effects of a rising trade deficit, and the impact of currency depreciation on an economy. Students are instructed to prepare detailed essay outlines for between 1-5 of the questions depending on which lecture theater they are assigned to.

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    h2 econ

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    2012 Term 4 H2 Economics Revision – Week 4 Essay Questions

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    This document provides an economics revision guide covering international trade topics. It includes 5 practice exam questions related to changes in trade patterns from globalization, Singapore's shift to improving labor productivity, the impact of an open economy on living standards in Singapore, the effects of a rising trade deficit, and the impact of currency depreciation on an economy. Students are instructed to prepare detailed essay outlines for between 1-5 of the questions depending on which lecture theater they are assigned to.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    269 views1 page

    2012 Term 4 H2 Economics Revision - Week 4 Essay Questions

    Uploaded by

    Ryan Zamora
    This document provides an economics revision guide covering international trade topics. It includes 5 practice exam questions related to changes in trade patterns from globalization, Singapore's shift to improving labor productivity, the impact of an open economy on living standards in Singapore, the effects of a rising trade deficit, and the impact of currency depreciation on an economy. Students are instructed to prepare detailed essay outlines for between 1-5 of the questions depending on which lecture theater they are assigned to.

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    © All Rights Reserved
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    2012 H2 Economics Term 4 Revision Week 4

    Topic: International Economics



    Question 1: VJC 2010 Preliminary Exam
    Despite the many risks of economic globalisation, most countries have been choosing to
    globalise their economies to a greater extent. This has resulted in significant changes in the
    patterns of international trade.
    a. Account for the possible changes in a countrys trade pattern. [10]

    b. Discuss whether countries should globalise their economies despite the many risks of
    economic globalisation. [15]


    Question 2 : HCI 2012 Preliminary Exam
    In order to improve international competitiveness in the areas of trade and foreign
    investment, Singapore is trying to shift towards improving labor productivity, instead of relying
    on foreign workers.

    Discuss whether a shift towards improving labour productivity will help Singapore achieve
    international competitiveness. [25]


    Question 3 : 2011 H2 Econ A Level Essay Qn 6

    The Singapore economy is open to the world, in trade and investment. This is both a matter
    of policy and necessity because of our size and limited resources. In 2008, our trade to GDP
    ratio was 360%, the highest in the world.
    (Ministry of Trade and Industry, Singapore, 2009)

    Discuss whether the openness of the economy is beneficial or harmful to the standard of
    living in Singapore. [25]


    Question 4 : DHS 2011 Preliminary Exam

    Whenever the government announces a rising trade deficit, the media routinely declare it
    "bad news" that the trade gap has "worsened" no matter how good the accompanying
    economic news may be on inflation, employment, and growth.
    - Cato Institute

    (a) Explain how a rising trade deficit could impact the circular flow of income. [10]

    (b) Discuss whether a government should actively pursue policies to correct a trade
    deficit. [15]


    Question 5 : VJC 2012 Preliminary Exam

    A weakening of the external value of a countrys currency is always detrimental to its
    economy.

    With reference to the Singapore economy, how far do you agree with the above statement?
    [25]
    Instructions to students:
    Humanities Room & LT 3: Prepare detailed essay outline for questions 4 & 5
    LTs 4 & 5: Prepare detailed essay outline for questions 1, 4 & 5
    LTs 1 & 2: Prepare detailed essay outline for all questions

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