Economics 9708/02 May June 2005 | Cambridge AS Level Past Papers With Mark Scheme

You can download the PDF file for complete details.

1. Analysis of dramatic price fluctuations in precious metals like gold, platinum, and palladium due to demand and supply factors.
2. Role of investment demand for gold during economic uncertainty, low interest rates, and stock market collapses.
3. Supply constraints and their influence on platinum price increases, highlighted by reduced exports from Russia.
4. Price elasticity of supply for precious metals and the challenges in rapidly increasing supply from low stock levels.
5. Economic impact of rising gold and platinum prices on South Africa's export earnings and currency appreciation.
6. Comparison of market economies and planned economies, including the role of government in direct provision of goods.