Economy
CONFIDENTIAL
BM/JUN 2012/ECO415
UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION
COURSE COURSE CODE EXAMINATION TIME
ECONOMICS EC0415 JUNE 2012 3 HOURS
INSTRUCTIONS TO CANDIDATES 1. This question paper consists of two (2) parts PART A (2 Questions) PART B (4 Questions)
Answer ALL questions from PART A and three (3) questions from PART B in the Answer Booklet. Start each answer on a new page. Do not bring any material into the examination room unless permission is given by the invigilator. Please check to make sure that this examination pack consists of: i) ii) the Question Paper an Answer Booklet - provided by the Faculty
DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO
This examination paper consists of 4 printed pages
© Hak Cipta Universiti Teknologi MARA
CONFIDENTIAL
CONFIDENTIAL
2
BM/JUN 2012/ECO415
PART A
QUESTION 1
Sarawak Plywood Prices Firm Up Again KUCHING: Sarawak's plywood prices firm up again as Japanese importers have continued buying for construction activities after March's earthquake and tsunami. Sarawak Timber Association Panel Producers' Committee chairman Wong Kai Song said new orders from Japanese plywood importers had continued to come in. According to Wong, the demand from Japan will continue to improve. He said the average plywood prices had dropped by 10 percent to between US$560 and US$580 per cubic metre in December compared with US$600 and US$630 per cubic metre in the third quarter of 2011. The price of plywood was at an average of US$400 per cubic metre. Most Japanese importers have stopped new orders or slowed down buying due to high inventories following aggressive buying in the previous months. Wong said there was adequate supply of raw materials to the plywood mills, which were hit by an acute shortage of logs due to low production earlier 2011 because of extremely wet weather. The shortage had disrupted the mills production. Adapted from The Star, December 12, 2011
a)
Using a diagram,
BM/JUN 2012/ECO415
UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION
COURSE COURSE CODE EXAMINATION TIME
ECONOMICS EC0415 JUNE 2012 3 HOURS
INSTRUCTIONS TO CANDIDATES 1. This question paper consists of two (2) parts PART A (2 Questions) PART B (4 Questions)
Answer ALL questions from PART A and three (3) questions from PART B in the Answer Booklet. Start each answer on a new page. Do not bring any material into the examination room unless permission is given by the invigilator. Please check to make sure that this examination pack consists of: i) ii) the Question Paper an Answer Booklet - provided by the Faculty
DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO
This examination paper consists of 4 printed pages
© Hak Cipta Universiti Teknologi MARA
CONFIDENTIAL
CONFIDENTIAL
2
BM/JUN 2012/ECO415
PART A
QUESTION 1
Sarawak Plywood Prices Firm Up Again KUCHING: Sarawak's plywood prices firm up again as Japanese importers have continued buying for construction activities after March's earthquake and tsunami. Sarawak Timber Association Panel Producers' Committee chairman Wong Kai Song said new orders from Japanese plywood importers had continued to come in. According to Wong, the demand from Japan will continue to improve. He said the average plywood prices had dropped by 10 percent to between US$560 and US$580 per cubic metre in December compared with US$600 and US$630 per cubic metre in the third quarter of 2011. The price of plywood was at an average of US$400 per cubic metre. Most Japanese importers have stopped new orders or slowed down buying due to high inventories following aggressive buying in the previous months. Wong said there was adequate supply of raw materials to the plywood mills, which were hit by an acute shortage of logs due to low production earlier 2011 because of extremely wet weather. The shortage had disrupted the mills production. Adapted from The Star, December 12, 2011
a)
Using a diagram,