Economics 9708/04 Oct Nov 2008 | Cambridge AS Level Past Papers With Mark Scheme

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1. Analysis of the economic problem: scarcity, opportunity costs, and production possibility curves.

2. Effects of price elasticity on demand and supply, with an emphasis on agricultural and consumer goods markets.

3. Government interventions in markets, such as subsidies, tariffs, and price controls, and their effects on market outcomes.

4. Impact of comparative advantage and free trade agreements, focusing on trade between Canada and the EU.

5. The role of exchange rate fluctuations in affecting trade balance, exports, and national economic performance.

6. Government policies addressing market failures, including fiscal policies, cost-benefit analysis, and public goods provision.