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Question A Singapore has been active in forming free trade area with many economies over the years. It has established free trade area with the other ASEAN members, USA, China, Japan, South Korea, Australia and New Zealand, among others. (a) Explain the possible benefits of the free trade area to the Singapore economy. (10 marks) (b) Discuss whether there will be any negative effects of the free trade area to the Singapore economy. (5 marks) Question B (a) Consider an economy operating under a flexible exchange rate system. It is encountering a recession and also having a balance of payments deficit. At the same time it is also encountering inflationary pressure. Analyse what would be the suitable policies for the economy to solve these problems. (10 marks) (b) Analyse how would your answers be different in (a) if the economy were to operate under a fixed exchange rate system instead. (10 marks)
suppose the business operations have now changed from the market structure analyzed in the activities required for the
when output and employment slowed in early 2008 the bush administration and the democratic congress passed a
Suppose the government cuts its purchases through $120 billion. As a result, budget deficit is decreased by $40 billion, private domestic saving reduced by $10 billion,
Libertyville has two optometrists, Dr. Jones (J) and Dr. Smith (S). Each optometrist can choose to advertise his service or not. The net revenue to each optometrist, in thousands of dollars, is listed on the payoff matrix below
1.do some research on milton friedman and briefly highlight his main contributions to economics and political
Freemiumis a business model that gives free access but charges for premium features. Many social games fall into this category. On the social networks, why is it difficult to generate revenue through advertising? Why is it particularly hard for..
organization in concept and practicebullanalyze the potential downfalls of any team effort e.g. free riders and make at
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An estimate of the physician’s marginal product rises up to 25 hours and then slowly falls to zero at 110 and thereafter negative. Graph both the marginal and total products of labor based on this information.
The market is perfectly competitive which constant input prices and each firm has the same cost structure from the table listed below;
abc corp. owns a piece of land and building a few miles from its headquarters. the land originally cost abc 500000 to
Further understand the economic way of thinking and the accounting implications and give you an incentive to think critically about course information.
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