Q. Real estate industry is a contributing economic powerhouse to the national GDP. It provides livelihood to many people. Explain the above statement as an estate agent to your client. Read More …
Category: M2022-1 Economics
Inflation and geopolitical conditions Q2
Q. (a) We are experiencing inflation in the recent months of 2022. There is a rumour about an increase in chicken price. Comment on why this has happened. 10 marks Read More …
Primary, Secondary & Tertiary sectors Q3
Q. Explain the terms below: (a) Primary sector of the national economy. 5 marks (b) Secondary sector of the national economy. 5 marks (c) Tertiary sector of the national economy. Read More …
Free v Regulated mixed market system Q4
Q. (a) Define economics and clarify why we should study economics in the Estate Agent’s Examination? 10 marks (b) Explain the advantages and disadvantages of the following economic systems:- ii) Read More …
Firm v Industry, Short v Long-run Q5
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. Discuss your Read More …
Covid and inflation 5G and trade barrier Q6
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 Read More …
Unemployment, production and national income Q7
Q. (a) Explain two (2) types of unemployment. 8 marks (b) Explain the use of national income data in the economic system. 8 marks (c) Describe the relationship between the Read More …
Tariff, Money and War Q8
Q. Discuss: (a) The purpose of the government in maintaining tariff, subsidy and quota to this date of Malaysia’s economy. Focus your answers on the primary industry. 5 marks (b) Read More …