Tag: 1.3

Q. a) Describe the two (2) following methods to control inflation: i. Monetary Policy. (5 marks) ii. Fiscal Policy. (5 marks) b) Explain the difference between macroeconomics and microeconomics. (10 Read More …

Q. a) Explain the mechanism of government intervention in stabilizing the economy. (10 marks) b) Describe the difference between Domestic Trade and International Trade. (10 marks) (20 marks, 2019 Q2) Read More …

Q. a) Explain the following causes of inflation. i. Demand-pull inflation. (5 marks) ii. Cost-push inflation. (5 marks) b) Explain the following terms in the context of market structure. i. Read More …

Q. a) Explain the difference between deflation and inflation. (10 marks) b) “Government intervention in the economy can lower the price of goods”. Explain. (10 marks) (20 marks, 2019 Q4) Read More …

Q. Describe four (4) characteristics that differentiate free economic system and central planned economic system. (20 marks, 2019 Q5) A. Similar question was asked in: 2013 Q1b 2015 Q1b 2018 Read More …

Q. a) Explain the difference between firm and industry. (10 marks) b) Show the equilibrium position of a firm and industry under perfect competition in short-run and long-run. (10 marks) Read More …

Q. a) Describe the different types of money and its functions. (10 marks) b) Explain the difference between Current Deposits and Saving Deposits. (10 marks) (20 marks, 2019 Q7) A. Read More …

Q. Describe four (4) main roles of the Central Bank of Malaysia. (20 marks, 2019 Q8) A. Similar question was asked in: 2017 Q3b 2011 Q7b Although the question specified Read More …

Q. a) Explain two (2) types of unemployment. (8 marks) b) Explain the use of national income data in economic system. (8 marks) c) Describe the relationship between industry and Read More …

Q. a) Explain the differences between the Gross Domestic Product (GDP) and Gross National Product (GNP). (8 marks) b) Explain the three (3) main roles of the Central Bank in Read More …

Q. a) Describe any two (2) criteria that differentiate the free economic system and central planning economic system. (10 marks) b) Describe any five (5) difference between Domestic Trade and Read More …

Q. a) Describe the difference between the balance of payments and the balance of trade. (10 marks) b) Explain the difference between macroeconomics and microeconomics. (10 marks) (20 marks, 2018 Read More …

Q. a) Explain the difference between firm and industry. (10 marks) b) Explain the following two (2) types of inflation: i. Cost-push inflation (5 marks) ii. Demand-pull inflation (5 marks) Read More …

Q. Describe the following four (4) factors in production. a) Labour (5 marks) b) Land (5 marks) c) Capital (5 marks) d) Entrepreneurs (5 marks) (20 marks, 2018 Q4) A. Read More …

Q. Define the following categories of goods with appropriate example: a) Free Goods (5 marks) b) Public Goods (5 marks) c) Producer Goods (5 marks) d) Consumer Goods (5 marks) Read More …

Q. a) Discuss the difference between demand-pull inflation and wage pull inflation. (10 marks) b) Discuss how the following policies control the economy situation. i. Monetary Policy (5 marks) ii. Read More …