Access to Prelim papers:
Currently Available:

• 1996
• 1998
• 2000
• 2002

Access to Promo Papers:
Currently Available:

• 1998

Promotional Papers
RJC Year 1998

Qn 1. "Singaporeans' favourite pastime is eating out."

Discuss the likely effects of the current economic downturn on the market for eating out.

Distinction Essay:

Qn 2 . "In a free market, consumers act on their self interest to maximise their satisfaction."

a) Distinguish the following types of goods that consumers buy in the free market:
i Normal
ii Inferior good
iii Giffen Good (10)
b) To what extent does economic theory help to explain how a consumer with a given budget maximises his/her satisfaction. (15)

Distinction Essay:

Qn 3 . What are the advantages of large-scale business enterprises in your country? (12)
b) "Large firms enjoy economies of scale." Does this mean that all small firms are not viable in the long run? (13)

Distinction Essay:

Qn 4 . Is perfect competition always a more desirable market structure than monopoly?

Distinction Essay: