Economics 9708/11 Oct Nov 2010 | Cambridge AS Level Past Papers With Mark Scheme

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

2. Price elasticity and its effects on demand, supply, and market adjustments, especially in agricultural and consumer goods.

3. Government interventions in markets through subsidies, tariffs, and price controls to influence consumer and producer behavior.

4. Impact of international trade policies, comparative advantage, and terms of trade on national economies like China and Canada.

5. Currency fluctuations and their effects on trade balances, exchange rates, and export volumes.

6. Government responses to market failures and economic inefficiencies, including cost-benefit analyses and fiscal policies.