Economics 9708/02 Oct Nov 2006 | Cambridge AS Level Past Papers With Mark Scheme

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1. Economic Growth in India: Identifying key factors behind India's slowing growth, such as fuel shortages, poor infrastructure, and regulatory policies, and explaining the impact on its economy.

2. Supply-Side Policy: Explaining why cutting tax rates is seen as a supply-side policy, with a focus on incentives for increased work and investment.

3. Labor Supply and Tax Rate Reductions: Analyzing how a decrease in marginal tax rates affects labor supply, with diagrams illustrating the potential changes in government revenue if the response is greater than one.

4. Brazil vs. Mexico Economic Approaches: Comparing the economic strategies of Brazil and Mexico, highlighting Mexico's investment in education and infrastructure versus Brazil’s reliance on raw material exports.

5. Tax Reductions and Economic Growth: Evaluating whether tax reductions have led to consistent improvements in economic growth, with a historical analysis of U.S. tax rate changes.

6. Price Discrimination and Market Structure: Using Cunard’s pricing strategies as an example of price discrimination and discussing its justification in monopolistic or oligopolistic markets.