Economics 9708/41 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 role of taxation during a recession and its impact on government revenue, income distribution, and economic growth.
2. Effects of monetary policy tools like interest rate adjustments and bond purchases by central banks in easing recession impacts.
3. Examination of government intervention in correcting market failures and improving allocative efficiency in goods and services.
4. Comparison of firm objectives in perfect competition versus imperfect market structures.
5. GDP measurement methods and limitations in capturing non-economic quality of life aspects like health and education.
6. Policy recommendations for developing countries, balancing domestic industry protection and infrastructure investment for long-term growth.