Economics 9708/22 May June 2011 | Cambridge AS Level Past Papers With Mark Scheme

The PDF file can be downloaded for reference. Key questions include:

1. Analysis of the Northern Territory's economic dependence on exports and natural resources compared to Australia's broader economy.
2. Calculation of changes in trade balances and real average earnings to assess economic health.
3. Reasons for using constant prices in measuring exports and imports, emphasizing inflation adjustments.
4. Discussion of the role of government in a mixed economy, balancing public and private sector efficiency.
5. Evaluation of indirect taxation on consumer goods like electronics, its revenue potential, and social impacts.
6. Division of labor's reliance on money as a medium and its role in facilitating efficient trade and production.