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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 that the total liabilities of a depository institution are transactions deposits equal to 2 billion. it has
1.what do you understand by the following terms? explain using formulae diagrams and examples. what are the
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Your team is a consulting group that has been contracted by Toyota Corporation.
One would expect current consumption expenditures to be most closely related to:
we have learnt that cbacost and benefit analysis is not the only method to choose among different public policies.
Discuss how organizational architecture and corporate culture are related. Use an example of a real-life firm and discuss how its corporate culture blends with its organizational architecture.
A firm has a production function defined as y = 40L^(1/10)K^(7/10). The firm faces costs of $10 wages, and $100 rental rate of capital. Find the cost function, and average total cost, average variable cost, and marginal cost functions.
When economists speak of "marginal," they mean. Managers undertake an investment only if. A company is producing 15,000 units. At this output level, marginal revenue is $22, and the marginal cost is $18. The firm sells each unit for $48 and average..
A company wishes to introduce a new flavour of tea in the market. Discuss how the company can forecast demand for the new flavour of tea.
Which of the following events would most probable cause the nominal interest rate to fall? Which period in U.S. economic history was not characterized with inflation? If the aggregate supply curve shifts leftward, Gauged unemployment includes discour..
Suppose that technophiles are willing to pay $400 now for the latest iPhone, but only $300 if they have to wait a year. Normal people are willing to pay $250, and their desire to purchase does not vary with time. Ignore the time value of money a..
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