QUESTION 1

Discuss four (4) advantages of international trade to the Malaysian economy

Question 2

Discuss any four (4) tools of monetary policy used by the government to curb the high level of

employment.

Question 3

Explain how fiscal policy and monetary policy are used to correct deficits in the balance of

payments.

Question 4

Write shorts notes on the following:

a) Speculative demand for money.

b) The difference between the gross domestic product and gross national product.

c) Components of money supply (M1, M2 & M3).