Economics 9708/13 Oct Nov 2023

Download the PDF file for reference and detailed examination of the questions.

- Division of labor, consumer imperfections, and opportunity cost in production decisions.
- Elasticity concepts in demand and supply, including cross-elasticity and price elasticity effects on market dynamics.
- Market structures, tax impacts, and government interventions, focusing on surpluses and income distribution.
- National income flows, savings-investment relations, and unemployment types within the macroeconomic framework.
- Comparative advantage, current account deficits, and supply-side policies for economic output optimization.
- Expansionary fiscal and monetary policy impacts, equilibrium shifts, and inflationary trends in policy applications.