Economics 9708/12 Oct Nov 2010 | Cambridge AS Level Past Papers With Mark Scheme

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

- Economic efficiency conditions, including productive efficiency, and the implications for resource allocation.
- The impact of marginal utility on consumer choices and how it determines market equilibrium.
- Firm behavior in competitive markets, including optimal labor usage and the effects of wage changes.
- The role of government intervention in addressing market failure and its effects on price levels and consumer surplus.
- Key economic indicators such as inflation, unemployment, and GDP growth, and their impacts on government policy.
- Effects of trade policies like import quotas on the balance of trade and terms of trade.