H1 Economics Preliminary Examination 2010
Describe the changes in house prices in Singapore from 2005 to the end of
House prices increased at an increasing rate from 2005 to 3 rd qtr of 2007 and
then increased at a dec
ST ANDREWS JUNIOR COLLEGE
and Mark Schemes
PRELIMINARY EXAMINATIONS 2010
General Certificate of Education Advanced Level
13 Sep 2010
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Answer Points for Essay Q1
Explain why some goods and services are not optimally produced and consumed at the
market place. 
To what extent government intervention ensures a more optimal resource allocation?
Answer to part (a)
Explain the causes of a persistent and large balance of payments deficit.
Assess the view that the government should always adopt an exchange ratecentred monetary policy to focus primarily at reducing the balance of payments
Explain 2 ways in which an economy might move from a point within its
production possibility curve (PPC) to a point on it.
Discuss the most effective policies used to move the PPC outwards in
(1) Markers Report
Answer all questions in this section.
Road Traffic Conditions
Extract 1: ERP system: from gantries to satellites
The Land Transport Authority (LTA) has called for proposals for a gantry-free system that is
based on the use of satellit
H1 Economics (HCI Prelims 2010) suggested answer scheme
Describe the trend in the price of oil from 2005 to 2010.
General trend: Rising
Refinement: Rise till mid 2008 before a sharp fall till Jan 2009 (before it start to rise
H1 Question 4
In its annual review of Singapore's economy, the International Monetary Fund said the modest and gradual
rise of the Singapore dollar "appears consistent with internal and external stability".
IMF, Reuters Jul 26,
(a) Using examples, explain and illustrate how private and social costs differ. 
(b) How far do you agree with the proposition that economic activity of the government
should be restricted to the provision of public goods within Singapore? 
IJC H1 Prelim 2 2010 Section B Question 4
The ASEAN health ministers agreed it was vital to educate the public
about good hygiene and encourage high risk groups to get seasonal
Explain the need for government intervention in
H2 Econs Prelims Exams 2010 Essays
Anderson Junior College
JC2 H1 Economics Preliminary Examinations 2010
In a government-led initiative to connect the island in a high-speed broadband network, the
Explain how the price mechanism allocates scarce resources among
competing needs in a free market.
Discuss if the price mechanism is always the best way to allocate scarce
resources in the economy.
2010 Economics H1 P1 Q1 Suggested Answers:
(a) (i) Describe the trend of world steel prices between 2003 and 2008.
Rising trend / Fluctuating upwards
Sharp (greater/larger) increase in first half of 04 and a sharp increase on first half of 08
2010 YEAR 6 PRELIMINARY EXAMINATIONS
16 September 2010
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DO NOT open this booklet until you are told to do so.
Write your name, i
H1 CASE STUDY QUESTION 1
Compare the trends in alcohol consumption in Europe with that of Singapore
from 1993 to 2001.
Spore over allincre a s e , Europ e de cr e a s e , Europ e high er than Spore .
Using demand and supply, explain the
Compare and account for the Singapore governments recurrent
expenditure on education per student for the different levels of
education from 2004 to 2009.
The expenditure per student on the universities is the highest.
Explain the causes of unemployment in Singapore.
Discuss the view that the Singapore government should use primarily
supply side policies to achieve low unemployment in Singapore
JC2 Economics IJC@Champions Way 2010
Content + Theor
Jurong Junior College
PRELIMINARY EXAMINATION 2010
20 August 2010
Additional Materials: Answer Paper
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Write your name and class on all the work you hand in.
Write in dark blue or black
SERANGOON JUNIOR COLLEGE
JC2 H1 ECONOMICS PRELIMINARY EXAMINATION 10
Extract 1: Britain's green spaces under threat from water shortages and house
Parts of the UK could face water shortages, rapidly rising house prices and thre
TJC 2010 H1Preliims 8819/01
H1 Paper 1 Question 1 Traffic in Singapore Case Study
Compare the trends in public transport ridership in Figure 2.
Similarity: Increase in ridership of both categories. Overall increase in total. 
Victoria Junior College
Answers to 2010 Prelim Exam H1 Economics
Using Chart 1, describe the trend of oil prices from 2004-2008.
Oil price increased from 2004 to mid 2008 before falling sharply.
ii) Based on extract 1, explain the possible re
Q4 Amid rising trade deficits and growing unemployment, the US is likely to act
Source: ST 31/1/08
(a) Explain the reasons that could have led to the rising trade deficits in a country (10)
(b) To what extent should
In 2009 a number of countries (e.g. Greece, Spain and USA) suffered from rising
a) Explain the possible costs and benefits of unemployment to a country. (10)
b) Discuss whether demand-side or supply-side policies are more effective in
2010 TPJC Prelims_H1 Paper Essay Q4 Suggested Ans
Essay Question 4
"We are part of the world economy. We make chips, we make
pharmaceuticals, we make petrochemicals. We consume maybe 1% of
what we make of these things. Probably lessWe are making for the
2010 TPJC Prelims_H1 Paper Essay Q3 Suggested Ans
There have been concerns over the rapid oil price hike as it will invariably lead to
further rise in commodity prices.
(a) Explain the possible reasons for the rapid oil price hike.