Q.
(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)