Economics 9708/33 May June 2024 | Cambridge AS Level Past Papers With Mark Scheme

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1. Utility concepts including diminishing marginal utility, equi-marginal principle, and relationships between marginal and total utility.

2. Positive externalities exemplified by vaccination programs preventing disease spread and their societal benefits.

3. Effects of oligopoly pricing behavior in non-collusive markets, revenue maximization strategies, and market structures like contestable markets and natural monopolies.

4. Labour market dynamics including demand shifts, poverty traps, trade unions' impact on monopsonists, and employment effects.

5. Economic policies addressing environmental damage, unemployment, inflation, and global issues like globalization threats and trade restrictions.

6. International economic concepts like J-curve effects, GDP-population analysis, Gini coefficients for income inequality, and impacts of multinational companies on exports and foreign direct investments.