POLITEKNIK MUKAH SARAWAK

JABATAN PERDAGANGAN
PB102 MICROECONOMICS
TUTORIAL 1: TOPIC 1
NAME: ______________________
MATRIX NO. : ________________

ANSWER ALL QUESTIONS

A. ESSAY
1. Explain basic economics problem in the country
(6 marks)

2. By using the production possibilities curve, explain the effect to the curve if
a. foreign investment in Malaysia increased
b. amended labor laws so that working time is reduced from 8 hours to 6 hours a
day.
c. restriction on the entry of foreign labor into the country.
(12 marks)

3. Describe three characteristic of capitalism (free market) economics system.

(9 marks)

4. Describe two (2) main factors why government intervention in free market
economics.
(6 marks)

B. Quantitative
The table below shows the production possibilities for Malaysia in a year.
Production Consumers Goods Capital Goods
Possibilities
A 0 30
B 4 28
C 8 24
D 12 20
E 16 14
F 20 8
G 24 0

a. Will Malaysia be able to produce 30 million tons consumers goods in a year?

Why?
(2 marks)
b. Will Malaysia will able to produce 30 million tons capital goods in a year?
Why?
(2 marks)
c. By using graph paper, draw the production possibilities curve.
(2marks)
POLITEKNIK MUKAH SARAWAK
JABATAN PERDAGANGAN
PB102 MICROECONOMICS
TUTORIAL 1: TOPIC 1
NAME: ______________________
MATRIX NO. : ________________

ANSWER ALL QUESTIONS

A. ESSAY
1. Explain basic economics problem in the country
(6 marks)

2. By using the production possibilities curve, explain the effect to the curve if
a. foreign investment in Malaysia increased
b. amended labor laws so that working time is reduced from 8 hours to 6 hours a
day.
c. restriction on the entry of foreign labor into the country.
(12 marks)

3. Describe three characteristic of capitalism (free market) economics system.

(9 marks)

4. Describe two (2) main factors why government intervention in free market
economics.
(6 marks)

B. Quantitative
The table below shows the production possibilities for Malaysia in a year.
Production Consumer Goods Capital Goods
Possibilities
A 0 30
B 4 28
C 8 24
D 12 20
E 16 14
F 20 8
G 24 0

a. Will Malaysia be able to produce 30 million tons consumer goods in a year?

Why?
(2 marks)
b. Will Malaysia will able to produce 30 million tons capital goods in a year?
Why?
(2 marks)
c. By using graph paper, draw the production possibilities curve.
(2marks)