Q.What is misrepresentation? How do you determine that it is misrepresentation and hence claimable by law? A.Due to frequently being asked in 2018 Q8 and 2019 Q8, I design this Read More …
Author: Thomas Sim PEA2066
Price Floor & Ceiling
Q.What is price floor and price ceiling? A.Price floor and price ceiling is related to setting price level in the market. Government intervention is key factor in regulating the price Read More …
MIEA SARAWAK EVENT – HELLO! WHAT’s UP 2.0?
MIEA SARAWAK EVENT – HELLO! WHAT’s UP 1.0?
Journey to WordPress
2019 Q Analysis Building Technology 2
2019 Q Analysis Real Estate Agency Practice
2019 Q Analysis D10 Laws relating to property
2019 Q Analysis D08 Estate Agency Law
2019 Q Analysis D06 Building Technology 1
2019 Q Analysis D03 Economics
2019 Q Analysis D02 Intro to Law
What constitute Nuisance by local council under SDBA74?
Local council or municipal council (Majlis Bandaraya & Perbandaran) would take action against certain nuisance in accordance with the law – Street, Drainage and Building Act 1974 (SDBA74). This is Read More …
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Monetary vs Fiscal Policy controlling inflation, Macro v Micro economics Q1
Q. a) Describe the two (2) following methods to control inflation: i. Monetary Policy. (5 marks) ii. Fiscal Policy. (5 marks) b) Explain the difference between macroeconomics and microeconomics. (10 Read More …
GOV Intervention in stabilizing economy, Domestic vs International Trade Q2
Q. a) Explain the mechanism of government intervention in stabilizing the economy. (10 marks) b) Describe the difference between Domestic Trade and International Trade. (10 marks) (20 marks, 2019 Q2) Read More …
Demand-pull v Cost-push Inflation and Monopoly & Oligopoly Q3
Q. a) Explain the following causes of inflation. i. Demand-pull inflation. (5 marks) ii. Cost-push inflation. (5 marks) b) Explain the following terms in the context of market structure. i. Read More …
Deflation v Inflation and Gov Intervention lowering price of goods Q4
Q. a) Explain the difference between deflation and inflation. (10 marks) b) “Government intervention in the economy can lower the price of goods”. Explain. (10 marks) (20 marks, 2019 Q4) Read More …
Free economic system v central planned economic system Q5
Q. Describe four (4) characteristics that differentiate free economic system and central planned economic system. (20 marks, 2019 Q5) A. Similar question was asked in: 2013 Q1b 2015 Q1b 2018 Read More …
Firm v Industry and Equilibrium position short-run v long-run Q6
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. (10 marks) Read More …