Economics 9708/01 May June 2006 | Cambridge AS Level Past Papers With Mark Scheme

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1. India’s Economic Growth: Analyzing the reasons behind India’s economic slowdown, including the fuel shortage, infrastructure issues, and the lack of investment in critical sectors.

2. Supply-Side Policies: Explaining how reducing tax rates is a supply-side policy and how it can influence economic activity by incentivizing labor and entrepreneurs.

3. Impact of Tax Reductions on Labor Supply: Using diagrams to show how a decrease in marginal tax rates could affect the supply of labor, and how such changes impact government revenue when the response is greater than one.

4. Brazil vs Mexico - Economic Policy Impact: Comparing the economic strategies of Brazil and Mexico, considering Brazil’s focus on raw materials exports versus Mexico’s investment in infrastructure and education.

5. Tax Reduction and Economic Growth: Discussing whether reducing taxes leads to higher economic growth, based on historical examples from the U.S. tax rate changes.

6. Price Discrimination in Market Structure: Analyzing Cunard’s pricing strategy as an example of price discrimination and evaluating its justification in different market structures.