Economics 9708/13 May June 2010 | Cambridge AS Level Past Papers With Mark Scheme

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1. Economic problem: scarcity, opportunity costs, and shifts in production possibility curves.

2. Price elasticity effects on demand and supply, including changes in agricultural and consumer goods markets.

3. Government interventions like subsidies and tariffs, and their impact on market equilibrium and consumer/producer surplus.

4. International trade dynamics: comparative advantage, trade agreements, and the benefits for countries like Canada and the EU.

5. Exchange rate fluctuations and their impact on national trade balances and export volumes.

6. Government policies to address market failures, focusing on fiscal strategies, public goods provision, and economic inefficiencies.