Economics 9708/04 Oct Nov 2005 | Cambridge AS Level Past Papers With Mark Scheme

Download the PDF file for reference and detailed examination of the questions.

- Economic efficiency, including productive efficiency and opportunity costs in markets.
- Consumer demand behavior and marginal utility’s effect on market equilibrium.
- Firm labor and wage decisions in competitive markets and their implications on output.
- Government intervention to address market failures and its impact on prices and consumer surplus.
- Macroeconomic policy effects on inflation, national income, and unemployment.
- Trade policies, including import quotas, and their effect on the balance of trade and terms of trade.