Economics 9708/21 May June 2024 | Cambridge AS Level Past Papers With Mark Scheme

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1. Evaluating the impact of increasing exports and supply-side policies on Sri Lanka's economic recovery, considering options like rupee depreciation and removal of protectionism.

2. Differentiating public goods and merit goods, exploring market limitations in providing them, and assessing the viability of transitioning from a planned to a mixed economy.

3. Analyzing income elasticity of demand, price elasticity of supply, and cross elasticity of demand in the context of consumer behavior and business applications.

4. Explaining aggregate demand components and their inflationary limits, assessing China's fiscal policy potential for rebalancing from exports to domestic consumption.

5. Identifying unemployment causes, analyzing their impact on high-income economies, and evaluating the effectiveness of expansionary macroeconomic policies in reducing unemployment.