Economics 9708,21 Oct Nov 2024 | Cambridge AS - A Level Past Papers With Mark Scheme

1. Inflation & Monetary Policy | Argentina’s Inflation Trends & Policy Responses – Analyzing inflation patterns, the impact of negative real interest rates, and evaluating price controls and monetary policy effectiveness.

2. Supply Determinants & Elasticity | Agricultural vs. Manufactured Goods – Examining factors influencing agricultural supply and comparing price elasticity differences between agricultural and manufactured products.

3. Production Possibility & Market Mechanisms | Efficiency & Government Intervention – Understanding positions within a PPC, evaluating resource allocation in a mixed economy, and assessing market mechanism limitations.

4. Economic Growth & Fiscal Policy | Growth Drivers & Policy Choices – Exploring causes of economic growth, its positive and negative effects, and debating the merits of expansionary vs. contractionary fiscal policy.

5. Free Trade & Balance of Payments | Trade Benefits & Current Account Surpluses – Assessing the advantages and disadvantages of free trade and determining whether a current account surplus is always beneficial.