Economics 9708/03 Oct Nov 2008 | Cambridge AS Level Past Papers With Mark Scheme

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1. Explain how economic growth leads to increased happiness, emphasizing the relationship between higher wages and improved well-being.

2. Use a diagram to show the effects of an increase in indirect tax rates on a consumer’s total utility, highlighting the substitution and income effects.

3. Analyze whether raising taxes on the wealthy is an effective way to reduce income inequality and promote overall welfare.

4. Discuss whether economic growth always leads to greater consumer welfare, taking into account inflation, income distribution, and environmental concerns.

5. Explain how government investment can address supply-side constraints, boosting productivity and overall economic growth.

6. Evaluate the factors influencing visitor arrivals to Fiji, including economic conditions, exchange rates, and tourism preferences.