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JC Economics Essay Series #84 – Macroeconomic Policies & Conflicts in Objectives
JC Econs Essay Macroeconomic Policies & Conflicts in Objectives Model Answers One of the bigger concerns for the Singapore government to the relative lack of appropriate macro econs policies to achieve her macroeconomics goals and objectives. However, the...
JC Economics Essay Series #83 – Globalization & Singapore Dollar Policy
JC Economics Essay Globalization & Singapore Dollar Policy Model Answers Since the onset of COVD-19, the topic of globalization has been in the list of Common Last Topics (CLT) that have struck off in Cambridge exams 2020 and 2021. Likely from 2022 onwards,...
JC Economics Essay Series #82 – Foreign Direct Investments & Macroeconomic Goals
JC Economics Essay Foreign Direct Investments & Macroeconomic Goals Model Answers Every country in the world desires Foreign Direct Investments (FDI for short), as it helps an economy to jump start its pursuit of economic growth. Even North Korea, the last...
JC Economics Essay Series #81- Domestic & External Factors and Macroeconomic Aims
JC Econs Essay Domestic & External Factors and Macroeconomic Aims Answers Governments around the world aim to achieve low unemployment and inflation, along with a high and sustained growth. To do so, one needs to know the main factors or sources of all 3 macro...
JC Economics Essay Series #80 – SSP & Productivity
JC Econs Essay SSP & Productivity Model Answers In 2015, Singapore's Ministry of Manpower (MOM) continued its approach of taking progressive steps to raise the quality of the workforce, promoting innovation and a business friendly environment. This is part of the...
JC Economics Essay Series #79 – Positive Externality in Consumption & Housing
JC Econs Essay Positive Externality in Consumption & Housing Full Length Answers Of all the forms of positive externality in consumption, the market for housing is the least understood. Being one of the most prevalent forms of market failure in the world, you are...
JC Economics Essay Series #78 – Market Efficiency & Subsidies
JC Economics Essay Market Efficiency & Subsidies Model Answers In a laissez faire system, the invisible hand of the free market will, based on the self interest of buyers and producer in a market, lead a market outcome, and that outcome will inevitably benefit...
JC Economics Essay Series #77 – Market Failure & Indirect Taxes
JC Economics Essay Market Failure & Indirect Taxes Model Answers It is a well known fact that the excessive use of plastic carrier bags is a serious environmental problem. The extensive use of mainly single-use bags, oil-based plastic bags is a waste of resources...
JC Economics Essay Series #76 – Concepts of Demand Elasticities
JC Economics Essay Concepts of Demand Elasticities Model Answers By now, you know that Cambridge examiners like to set harder questions by mixing concepts across topics. In this question, we have the concepts of Price and Cross-Price Elasticities of Demand with...