Economics 9708/23 May June 2011 | Cambridge AS Level Past Papers With Mark Scheme

You can download the full PDF file for reference. Key questions extracted:

1. Analysis of Singapore's managed exchange rate system, combining features of fixed and floating exchange rates.
2. Examination of changes in demand and supply for the Singapore dollar and their influence on exchange rate trends.
3. Discussion of how exchange rate appreciation helps reduce inflation through lower import costs and competitive pricing.
4. Evaluation of whether economies benefit from exchange rate depreciation, focusing on trade balance and inflation impacts.
5. Comparison of resource allocation in free market systems versus government intervention in providing public goods.
6. Assessment of government subsidies for farmers, balancing agricultural stability against economic efficiency.