Economics 9708/12 March 2024 | Cambridge AS Level Past Papers With Mark Scheme

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

- Production possibility curves, opportunity cost, and effective demand as core economic concepts.
- Elasticity dynamics, including price, income, and cross elasticity, with implications for consumer and producer behavior.
- Effects of taxation, subsidies, and policies on merit goods, income inequality, and resource allocation.
- Circular flow of income analysis, inflation causes, and employment-related fiscal and monetary policies.
- International trade concepts, including comparative advantage, balance of payments, and terms of trade adjustments.
- Market interventions, such as tariffs, subsidies, currency depreciation, and their effects on trade balances and domestic production.