Economics 9708/02 Oct Nov 2007 | Cambridge AS Level Past Papers With Mark Scheme

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1. Economic Problem: Analysis of scarcity, opportunity costs, and shifts in production possibility curves.

2. Price Elasticity: Effects on demand and supply, particularly in agricultural and consumer goods markets.

3. Government Intervention: Impact of subsidies, tariffs, and price controls on market equilibrium.

4. International Trade: The role of comparative advantage and free trade agreements, with a focus on Canada-EU trade.

5. Currency Fluctuations: Effects on trade balance, exports, and national economic performance.

6. Market Failures: Government policies addressing economic inefficiencies through fiscal strategies, cost-benefit analysis, and public goods provision.