Economics 9708/04 Oct Nov 2006 | Cambridge AS Level Past Papers With Mark Scheme

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1. Explain how economic growth and higher income levels are linked to increased happiness and well-being.

2. Use a diagram to demonstrate how an increase in indirect tax rates affects a consumer's total utility, considering income and substitution effects.

3. Analyze whether increasing taxes on the wealthy is an effective strategy for reducing income inequality and its potential implications for welfare.

4. Discuss whether economic growth always improves consumer welfare, considering externalities like inflation, inequality, and environmental sustainability.

5. Explain how increased government investment can alleviate supply-side capacity constraints, boosting productivity and economic growth.

6. Examine the factors influencing visitor arrivals to Fiji, such as income levels, exchange rates, and tourism trends.