Economics 9708/42 May June 2024 | Cambridge AS Level Past Papers With Mark Scheme

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1. Define internal economies of scale and analyze its application in EV battery production, including examples like technical and purchasing economies.

2. Discuss minimum efficient scale and evaluate the data from Table 1.1 to determine its achievement for EV battery technologies.

3. Analyze the labor market impact of transitioning to EV production, focusing on ICE-related redundancies in regions like southern Germany, supported by diagrams.

4. Evaluate macroeconomic effects of EV adoption for Saudi Arabia and Singapore, considering impacts on oil income and tax revenue.

5. Analyze market failure with diagrams and evaluate two government policies for its correction, emphasizing effectiveness.

6. Assess the effects of globalization on the standard of living in low-income countries, addressing economic and social dimensions.