Economics 9708/43 Oct Nov 2023 | Cambridge AS Level Past Papers With Mark Scheme

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1. Explanation of economic equality versus equity, highlighting their differences in outcomes and principles for resource distribution.

2. Analysis of actual economic growth and its relationship with unemployment, referencing trends in South Africa's GDP and unemployment rates.

3. Assessment of the state-owned electricity monopoly’s inefficiency, focusing on its mismanagement, power rationing, and impact on production and national debt.

4. Evaluation of the effectiveness of attracting private investment and addressing uncertainty as strategies to improve South Africa’s economic prospects.

5. Analysis of government interventions addressing pollution and market failure, discussing reliance on market forces with the aid of economic diagrams.

6. Comparative evaluation of monopolistic competition and monopoly in pricing and efficiency, and the effectiveness of fiscal policy in addressing a negative output gap.