PJC_H1_ECONS_answer

Name: Centre No. / Index No.: / Class: 8819 / 01 / PJC Preliminary Exam / 2017 [Turn over PIONEER JUNIOR COLLEGE, SINGAPORE JC2 Preliminary Examination 2017 Higher 1 ECONOMICS Paper 1 Additional Materials: Answer Paper 8819/01 14 September 2017 3 hours READ THESE INSTRUCTIONS FIRST Write your Centre number, index number and name on all the work you hand in. Write in dark blue or black pen on both sides of the paper. You may use a soft pencil for any diagrams, graphs or rough working. Do not use staples, paper clips, highlighters, glue or correction fluid. Section A Answer all questions. Section B Answer one question. Please begin your answer to each question on a fre sh piece of writing paper. At the end of the examination, fasten your work for Questions 1, 2 and 3 or 4 separately. The number of marks is given in brackets [ ] at t he end of each question or part question. This document consists of 6 printed pages. Pioneer Junior College Ministry of Education Section A

2 Pioneer Junior College 2017 8819 / 01 / PJC Prelimi nary Exam / 2017 [Turn over Answer all questions in this section. Question 1 The impact of climate change Table 1: Food Price Index (2002-2004 = 100) The table below shows an index of food prices over the period of 2006 to 2015. Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2 015 Index 127.2 161.4 201.1 160.3 188.0 229.9 213.3 209 .8 201.8 164.0 Source: Food and Agriculture Organisation of the United Nation Extract 1: The Paris Agreement A historic, legally binding climate deal that aims to hold global temperatures to a maximum rise of 1.5 degrees celsius above pre-industrial levels, starvi ng off the worst effects of catastrophic global warming, has been secured. The culmination of more than 20 years of fraught Un ited Nations (UN) climate talks has seen all countries agree to reduce emissions, promise to rai se $100 billion a year by 2020 to help poor countries adapt their economies, and accept a new goal of zero net emissions by later this century. Source: The Guardian , 13 December 2015 Extract 2: Climate change and the continual demand for economic growth The agreement reached at the climate change talks i n Paris is certainly a great improvement on anything that has gone before. Whether it is enough to save the planet is questionable. It was suggested that the agreement will create more jobs and economic growth driven by investment in clean energy sector. But growth, even “green growth”, is precisely the problem. In order to reduce the consequences of climate change such as rising carbon emission, growth could be sacrificed. We live on a finite planet with finite resources wh