Economics 9708/41 Oct Nov 2009 | Cambridge AS Level Past Papers With Mark Scheme

Download the PDF file for reference and detailed examination of the questions.

- Explanation of economic efficiency and productive efficiency conditions in markets.
- Consumer behavior analysis based on marginal utility, demand curves, and equilibrium.
- Impact of wage rates and labor supply decisions on firm production in competitive markets.
- Government role in correcting market failures and the effect of regulations on prices and consumer welfare.
- Key macroeconomic policies on inflation control, interest rates, and their effect on national income.
- Influence of trade policies, including import quotas, on the balance of trade and terms of trade.