Economics 9708/02 Oct Nov 2008 | Cambridge AS Level Past Papers With Mark Scheme

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1. Understanding the role of scarcity in economic systems and factors that exacerbate it, such as weather patterns and consumption behavior.
2. Analyzing consumer choices and utility maximization when there are changes in prices and income.
3. Exploring the effects of labor market conditions, including wage adjustments and union involvement, on employment and production.
4. Comparing market structures and evaluating the pricing and output decisions in monopolies and competitive markets.
5. Assessing government policies on taxation, subsidies, and price controls to address market failures and inefficiencies.
6. Evaluating the effects of global trade policies, inflation, and fiscal strategies on national economies and trade balances.