fgSSADGAGSDAGQuestions below are related to Malaysia’s export of durian. A report in Harian Metro dated September 24th, 2019 stated that Malaysia exports 500 metric tons of Musang King to China monthly.
a Briefly describe the theory of Mercantilism.
b China’s demand for Malaysia’s Musang King is 1000 metric tons monthly, double the amount that Malaysia is able to supply. Using the theory of Mercantilism, briefly explain the implication to Malaysia’s ability to meet China’s demand to its (i.e. Malaysia’s) wealth
c Provide 2 suggestions to Malaysian government on how to increase the country’s export of Musang King.
d Provide 1 suggestion to China’s government on how to control the negative implication of its import of Malaysia’s Musang King on its wealth.