Business Environment 2

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ESSAY WRITING
* 1 paragraph 1 main point (minimum 3 to 5 points)
* Supported with elaboration
* Relevant examples
* Numerical data
* Relevant diagram

Section A (answer only 2 questions, 30 marks each)
* Balance of payment (descriptive)
* Capital account
* Current account
* Trade account
* How to improve the balance of payment deficit (import > export) * Increase export
* Decrease export
* Depreciation (making currency cheaper)
* Devaluation (making currency cheaper)
* Interest rate
* Foreign Direct Investment
* Tariff
* Quota
* What are effects of higher exports? (exam tips)

* Globalization (descriptive)
* Advantages and disadvantages
* World Bank
* Functions of the IMP
* WTO

* Aggregate supply and aggregate demand (diagram)

* Foreign exchange rate (descriptive and diagram)
* Factors contributing to demand – increase (foreign exchange rate – increase) * Inflation rate – decrease
* Unemployment rate – decrease
* Export – increase
* Interest rate/savings rate – increase
* Political stability - increase
* Currency
* Depreciation
* Appreciation
* Devaluation

* Protectionism (descriptive)
* How to implement protection policies?
* Why countries practice protectionism? (exam tips)

* International trade (descriptive)
* Benefits of trade
* Disadvantages of trade
* Reason of international trade (exam tips)

Section B (answer only 1 question, 40 marks each)
* Unemployment (descriptive)
* What is unemployment?
* Unemployment occurs when a person who is actively searching for employment is unable to find work. Unemployment is often used as a measure of the health of the economy. The most frequently cited measure of unemployment is the unemployment rate. This is the number of unemployed persons divided by the number of people in the labor force. * Type of unemployment

*...
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