Session

T1W10

T2W2

T2W4

T2W6

Question
HCI 2013 Prelims
Chocolate production involves the use of milk and cocoa beans.
Dark chocolate, with its high cocoa content, is known for its health
benefits and hence more consumers have chosen dark chocolate
over white chocolate. Meanwhile, the price of milk has dropped
whilst the price of cocoa beans has risen.
Assess how the expenditure by consumers on dark chocolate and
white chocolate will be affected by the above developments.
[25]
SAJC 2011 Prelims
Discuss whether maintaining a low unemployment rate will lead to
an improvement in the standard of living in an economy.
[25]
ACJC 2014 Prelims
One reason for the decline in traditional protectionism is that
countries hit by recession are able to let their exchange rates fall.
Source: The Economist, 12 October 2013
(a) Explain why a country might get into balance of payments
deficit due to a recession in another part of the world.
[10]
(b) Assess the view that in correcting balance of payments deficit,
letting the exchange rate fall is a more appropriate policy than
adopting traditional protectionism.
[15]
International Trade Question - TBC