Economics 9708/03 Oct Nov 2007 | Cambridge AS Level Past Papers With Mark Scheme

Download the PDF file for reference and detailed examination of the questions.

- Economic efficiency and its connection to market outcomes and resource allocation.
- Consumer behavior and marginal utility’s impact on demand and market equilibrium.
- Firm strategies in competitive markets related to labor, wages, and output decisions.
- Government roles in correcting market failures and their influence on prices and consumer welfare.
- Macro-level effects of inflation control, monetary policies, and employment on national income.
- The effects of trade policies, such as quotas, on trade balance and terms of trade.