HCI H2 Prelim 2024 P1 QP

1 © Hwa Chong Institution 2024 9570/01/A/C2 Prelim 2024 HWA CHONG INSTITUTION C2 Preliminary Examinations Higher 2 CANDIDATE NAME CT GROUP 23 ECONOMICS Paper 1 Case Study Questions Additional Materials: Answer Booklet 9570/01 27 August 2024 2 hours 30 minutes READ THESE INSTRUCTIONS FIRST Read all instructions printed on the cover page of the 12-page answer booklet carefully. Write all your particulars clearly on the cover page of the 12-page answer booklet. Write in dark blue or black pen on both sides of the paper. You may use a soft HB pencil for any diagrams, graphs or rough working. Do not use staples, paper clips, highlighters, glue or correction fluid and tape. Answer ALL questions. Write all your answers in the 12-page booklet and subsequent 4-page booklets (if required). Do all your rough work in pen using the answer booklet and cross it through without making it illegible. Do not tear out any part of this booklet. Begin case study question 1 and question 2 on a new page within the answer booklet. All work must be handed in. If you have used any additional 4- page booklets, please insert them inside the 12–page answer booklet. The number of marks is given in brackets [ ] at the end of each question or part question. You may use a calculator. You are advised to spend several minutes reading through the questions before you begin writing your answers. You are reminded for the need for good English and clear presentation in your answers. This document consists of 7 printed pages and 1 blank page. [Turn over

2 © Hwa Chong Institution 2024 9570/01/A/C2 Prelim 2024 Answer all questions Question 1: Fast fashion and Food Figure 1: Comparison of global clothing sales volume and world GDP indices (Base year 2000=100) Source: Earth.Org Extract 1 Why Is Fast Fashion Bad? The term fast fashion refers to a large sector of the fashion industry whose business model relies on cheap and speedy production of low -quality clothing, which gets pumped quickly through stores in order to meet the latest and newest trends. The fast fashion business model involves rapid design, production, distribution, and marketing, allowing brands and retailers to pull large quantities of greater product variety and allow consumers to get more style and product differentiation at a low pri ce. Furthermore, manufacturers cut production costs even more by using synthetic and chemically treated materials rather than organic ones in order to lower prices and encourage more consumption. Fast fashion companies and retailers have no incentives to change the current business model when it’s proven to be so profitable so far. Globally, an estimated 92 million tonnes of textile waste is produced every year and that number is