2026 EJC H2 Econs P2 Prelim QP

EUNOIA JUNIOR COLLEGE JC2 Preliminary Examination 2026 General Certificate of Education Advanced Level Higher 2 ECONOMICS Paper 2 Essays 9570/02 15 September 2026 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. This document consists of 3 printed pages and 1 blank page. [Turn over

2 Answer three questions in total. Section A One or two of your three chosen questions must be from this section. 1 Land is a scarce resource and must be allocated among competing uses (residential, commercial, industrial and recreational). (a) Explain how a production possibilities curve can be used to illustrate the concept of opportunity cost and how the price mechanism can help to allocate scarce resources. [10] (b) Discuss whether demand factors or supply factors have greater impact on residential property prices. [15] 2 Ticketmaster, a dominant ticketing provider in Singapore, mandates that major stadium concerts such as Taylor Swift and Coldplay sell tickets exclusively through its website, blocking rivals like SISTIC. (a) Explain how Ticketmaster’s dominance in the entertainment ticketing industry negatively impacts consumers and rival ticketing providers. [10] (b) Discuss the effectiveness of pro-competition policy compared to regulatory pricing in addressing these negative impacts. [15] 3 SkillsFuture faces a key challenge of low utilization. Many workers find it hard to balance training with work, while some courses do not translate to better career outcomes or improvements to productivity. The government announced a top up of $4,000 for workers aged 40 years and above which will not expire, in addition to introducing an upgraded portal to better align courses to careers. (a) Explain why upskilling courses have a low sign-up rate and how adverse selection may cause consumers to select themselves out of market. [10] (b) Discuss whether fiscal intervention is best policy to improve the sign-up rate for upskilling courses. [15] 9570/02

3 Section B One or two of your three chosen questions must be from this section. 4 Ongoing shocks to global food and energy prices have threatened price stability in trade-dependent Singapore. (a) Explain how the above global economic development might affect price stability and balance of trade in Singapore. [10] (b) Discuss the extent to which conflicting government objectives is the main factor in government policy decision making when aiming for a healthy balance of trade. [15] 5 German Labour Minister Bärbel Bas has stated that “The labour market is still shaped by the economic slump of recent years. The cyclical headwinds continue to leave their mark on the labour market and require countermeasures. Economic growth is the only way to reduce unemployment.” Source: https://www.straitstimes.com/world/europe/german-unemployment-tops-three-million-for-first-time-in-a-d ecade (a) Explain how actual economic growth will lead to a fall in unemployment in the labour market and a possible reason how it might not. [10] (b) Discuss the view that governments should always aim for low unemployment rates. [15] 9570/02

4 6 While trade is no longer always seen as a mutually beneficial exercise in today’s unsettled and troubled world, countries have to work to make it a “win-win”, Senior Minister Lee Hsien Loong said on May 19 during a visit to Guangxi autonomous region in south-western China. Source: https://www.straitstimes.com/asia/east-asia/we-have-to-work-to-make-trade-a-win-win-sm-lee-in-guangxi (a) Explain how trade could be mutually beneficial to both countries and one cost of embracing globalisation. [10] (b) Discuss possible policy measures countries could adopt to make trade a “win-win”. [15] BLANK PAGE 9570/02