Economics 9708/23 Oct Nov 2010 | Cambridge AS Level Past Papers With Mark Scheme

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1. Analysis of the economic problem, including scarcity, opportunity cost, and production possibility curves.

2. Price elasticity effects on demand and supply, covering crops, consumer goods, and market equilibrium changes.

3. Impacts of government policies, such as subsidies and tariffs, on market behavior and consumer/producer surplus.

4. The concept of comparative advantage in trade and its benefits for countries like China and the EU.

5. Currency fluctuations and their effects on trade balance, exports, and national income.

6. Government interventions in market failures, with an emphasis on cost-benefit analysis, investment, and structural reforms.