Economics 9708/01 May June 2008 | Cambridge AS Level Past Papers With Mark Scheme

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1. Analyzing the effects of weather, production, and demand changes on global markets, particularly cereals and food security.
2. Exploring how consumer behavior and expenditure are influenced by price changes in essential goods.
3. Investigating the relationship between inflation, exchange rates, and the economic stability of countries like Malawi.
4. Using supply and demand diagrams to explain the impact of subsidies on food prices and quantity.
5. Understanding the opportunity costs of government spending on food subsidies and its long-term implications.
6. Discussing the effectiveness of food subsidies in addressing global food shortages and their long-term sustainability.