Economics 9708/04 May June 2007 | Cambridge AS Level Past Papers With Mark Scheme

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1. Examining the reasons behind the rise in global cereal prices in 2012, including droughts, biofuel demand, and population growth.
2. Analyzing the differences in how developed and developing countries are affected by rising food prices.
3. Using supply and demand diagrams to show the impact of subsidies on rice production in India.
4. Identifying the opportunity costs associated with India’s food subsidy program.
5. Discussing the effectiveness of food subsidies in addressing global food shortages in the long term.
6. Exploring the potential benefits and risks of shifting resources from tobacco production to tourism in Malawi.