Economics 9708,41 Oct Nov 2024 | Cambridge AS - A Level Past Papers With Mark Scheme

1. Natural Resource Development & Economic Growth | Ghana’s Oil Extraction Impact – Analyzing how resource extraction affects Ghana’s potential growth, employment, and income distribution.

2. Multiplier Effect & Employment Generation | Impact of Oil Industry Expansion – Explaining how oil extraction stimulates job creation in other sectors through increased spending.

3. Dutch Disease & Exchange Rate Effects | Evaluating Ghana’s Export Competitiveness – Assessing how oil exports led to currency appreciation and its impact on agricultural and manufacturing exports.

4. Standard of Living & Economic Indicators | Assessing Ghana’s Growth Post-Oil Discovery – Evaluating changes in Human Development Index, GNI per capita, and exchange rates to determine improvements in living standards.

5. Government Policies & Negative Externalities | Impact on Allocative Efficiency – Examining how policy interventions reduce external costs and improve market efficiency using economic diagrams.

6. Market Structures & Business Objectives | Profit Maximization vs. Sales Maximization – Evaluating the impact of changing business objectives on pricing, output, and the principal-agent problem.