2025 EJC Paper 2

[Turn over EUNOIA JUNIOR COLLEGE JC2 Preliminary Examination 2025 General Certificate of Education Advanced Level Higher 2 ECONOMICS Paper 2 Essays 9570/02 16 September 2025 2 hours 30 minutes Additional Materials: Answer Booklet READ THESE INSTRUCTIONS FIRST An answer booklet will be provided with this question paper. You should follow the instructions on the front cover of the answer booklet. If you need additional answer paper, ask the invigilator for a continuation booklet. Answer three questions in total, of which one must be from Section A, one from Section B and one from either Section A or Section B. The number of marks is given in brackets [ ] at the end of each question or part question. Please note that Paper 2 takes up 60% of the total score. This document consists of 3 printed pages and 1 blank page.

2 9570/02 [Turn over Answer three questions in total. Section A One or two of your three chosen questions must be from this section. 1 Using innovative urban farming technologies, Singapore aims to produce 30% of its nutritional needs locally by 2030. While consumers are interested in buying local farm produce, local food manufacturers are still reliant on imported farm produce as their raw materials. (a) Explain how a rise in the prices of imported farm produce leads to a rise in the consumer expenditure on local farm produce and a fall in consumer surplus in the local food manufacturing market. [10] (b) Discuss whether the Singapore government could rely solely on using supply-side policies to increase the sales volume of local farm produce. [15] 2 The Internet has changed the distribution of information , where expensive printing plants and large distribution networks are no longer essential. The large-scale adoption of smartphones has also accelerated the transition in existing news companies from printed newspapers to digital news platforms, alongside new entrants that operate online only. (a) Explain how barriers to entry affect the level of competition in digital news platforms, and how news companies consider the level of competition when deciding on the price and output levels for digital news. [10] (b) Discuss whether government intervention is always needed when barriers to entry are high in a market. [15]