by Simon Ng | Aug 10, 2015 | AS-AD Models and National Income Determination, Economics Tuition, JC Economics Essays, Macroeconomics |
Discuss the view that a large increase in national income is often but not always desirable. [15] Introduction The increase in national income will mean that the economy has attained actual growth and this is very often understood to be beneficial. However, there are...
by Simon Ng | Aug 10, 2015 | AS-AD Models and National Income Determination, Economics Tuition, JC Economics Essays, Macroeconomics |
Explain how changes in investment expenditure results in a larger change in national income. [10] Introduction Investment refers to the part of the aggregate demand or expenditure that is spent on the production of capital equipment or infrastructure that will produce...
by Simon Ng | Aug 3, 2015 | Aims of Government, Economic Indicators, Economics Tuition, JC Economics Essays, Macroeconomic Policies, Macroeconomics, National Income Accounting |
The ultimate goal of all governments is to improve the general standard of living of its population. Explain how a government can improve the current and future standard of living of its population. [12] Introduction Standard of living measures the average quality of...
by Simon Ng | Aug 3, 2015 | Cost of Production, Economics Tuition, JC Economics Essays, Market Structures, Microeconomics |
Discuss the relative significance of input cost, consumer incomes and market concentration in influencing firms’ pricing decisions in your country. [25] Introduction Firms in most industries in Singapore face an imperfect market condition and the pricing behaviours...
by Simon Ng | Aug 1, 2015 | Economic Indicators, Economics Tuition, JC Economics Essays, Macroeconomics, National Income Accounting |
Explain the indicators used in assessing the economic health of a country. The economic health of a country refers to the standard of living (SOL) of a country, which includes the material and non-material aspects. For the material aspect of SOL, it determines the...
by Simon Ng | Jul 12, 2015 | Economics Tuition, JC Economics Essays, Market Failures, Microeconomics |
Assess the view that the Singapore government should use taxes rather than any other economic policies when dealing with the market failure associated with negative externalities. [25] Introduction Negative externalities are adverse effects imposed on third parties...
