Economics 9708/01 May June 2002 | Cambridge AS Level Past Papers With Mark Scheme

You can download the full PDF file for reference. Key questions extracted:

1. Analysis of production possibility curves to understand economic efficiency and resource allocation.
2. Examination of demand elasticity, including income and cross-price elasticity, and their implications for market dynamics.
3. Discussion of indirect taxes, consumer surplus, and supply shifts in markets for goods with inelastic demand.
4. Evaluation of exchange rate fluctuations, including floating and fixed exchange rates, and their effects on trade and currency valuation.
5. Assessment of inflation trends, purchasing power, and cost of living index calculations in economic measurement.
6. Exploration of oil price increases and their impact on demand-pull and cost-push inflation in oil-importing economies.