Economics 9708/02 May June 2009 | Cambridge AS Level Past Papers With Mark Scheme

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1. Explaining the factors behind India's decreasing economic growth, including fuel shortages, infrastructure problems, and government policies on energy and trade.

2. Analyzing the effects of lower tax rates on economic growth, labor supply, and government revenue, highlighting the differences between short-term demand-side effects and long-term supply-side impacts.

3. Using marginal tax rate reductions to explain how labor supply and government revenue could change, depending on the elasticity of the response to tax cuts.

4. Assessing the effectiveness of government policies in Brazil and Mexico over the past decade, comparing their approaches to economic growth, infrastructure, and trade deficits.

5. Discussing the role of price discrimination in business strategies, with examples such as Cunard’s pricing for US and UK customers, and evaluating whether it is justified.

6. Analyzing the link between income tax, wage rates, and government policy, particularly in terms of supply-side economics and its effect on labor markets.