Economics 9708/04 May June 2008 | Cambridge AS Level Past Papers With Mark Scheme

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

- Economic efficiency in markets, focusing on productive efficiency and optimal resource allocation.
- Consumer demand behavior and marginal utility's role in shaping demand curves and market equilibrium.
- Firm decisions regarding labor, wage rates, and production in competitive markets.
- Government intervention in market failures and its effects on consumer surplus and price levels.
- The impact of macroeconomic policies on inflation, national income, and employment.
- Trade policies such as import quotas and their influence on the balance of trade and terms of trade.