Economics 9708/03 May June 2006 | Cambridge AS Level Past Papers With Mark Scheme

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1. Explain how economic growth increases happiness, according to the article, focusing on the link between higher incomes and well-being.

2. Use a diagram to explain how a rise in indirect tax rates affects total utility, highlighting the income and substitution effects.

3. Discuss the merits of increasing taxes on the wealthy to reduce income inequality, considering both economic and social implications.

4. Analyze whether economic growth always improves consumer welfare, addressing concerns like inflation, inequality, and environmental impact.

5. Explain how increased investment can address supply-side constraints, enhancing productivity and economic growth.

6. Evaluate the factors influencing changes in visitor arrivals to Fiji, such as exchange rates, income levels, and tourism preferences.