Covid and inflation 5G and trade barrier Q6


(a) Explain the differences between Cost-push inflation and Demand-pull inflation. Is the current situation in Post-COVID-19 Cost-push or Demand-pull, and why? 10 marks

(b) Explain how the following factors promote globalization of the national economy.

i) The development of 5G System 5 marks

ii) Reduction of trade barriers 5 marks

(M2022-1 Q6, 20 marks)

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