BBC: Panasonic may cut 53 jobs in Newport closure plan. 

Discuss the role of liberal employment policies. Do you agree with such policies. [12]

Indonesian Government Considers Hiking Fuel Prices by Up to 44%

1) Define subsidies.[3] 
2) Explain the reasons for selling economic good at half of its prices.[5] 
3) Discuss the impact of withdrawal of subsidies by the government on the Indonesian economy. [15]

1) Explain trade deficit.[3] 
2) Explain the reasons for the valuation of Yen in International market.[8] 
3) Discuss the relationship between the terms of trade and the exchange rate.[12] 
4) Discuss the reasons of ballooning trade deficit of the Japan. [25]

How China is ruled: Communist Party

1) Define command economies.[3] 
2) Explain the market mechanism in the command economies.[5] 
3) Discuss the role of government on the economy in a command economy.[8]