Economics 9708/31 Oct Nov 2009 | Cambridge AS Level Past Papers With Mark Scheme

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1. Explain the relationship between economic growth and happiness, focusing on how higher incomes are linked to improved well-being.

2. Use a diagram to demonstrate how an increase in indirect taxes might affect total utility, highlighting the substitution and income effects.

3. Assess whether increasing taxes on higher incomes is a good idea for promoting fairness, taking into account potential trade-offs.

4. Discuss whether economic growth always increases consumer welfare, considering its effects on inflation, inequality, and externalities.

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

6. Examine how changes in visitor arrivals to Fiji can be influenced by factors such as income, exchange rates, and global tourism trends.