Economics 9708,23 Oct Nov 2024 | Cambridge AS - A Level Past Papers With Mark Scheme

1. Supply and Demand Analysis of Coffee Prices | Graphical representation of the price surge in Arabica coffee beans due to supply shocks, and the price elasticity of supply in the short term.

2. Market Stability and Buffer Stock Schemes | Evaluation of buffer stock schemes in stabilizing coffee prices, their feasibility, and their impact on small-scale producers.

3. Macroeconomic Impacts of Commodity Price Fluctuations | Assessment of how volatile coffee prices affect major producing economies like Brazil and Vietnam.

4. Public Goods and Healthcare Economics | Characteristics of public and free goods, classification of government-funded vaccinations, and cost-benefit analysis of free healthcare.

5. Income Inequality and Redistribution | Causes of wealth inequality, challenges in its measurement, and evaluation of policies for redistributing income effectively.

6. Inflation and Trade Protectionism | Explanation of cost-push inflation trends post-2021, benefits and drawbacks of inflation, and effectiveness of trade protection measures in reducing current account deficits.