Economics 9708/12 Oct Nov 2011 | Cambridge AS Level Past Papers With Mark Scheme
CIE
AS & A Level
Economics (9708)
Nov
2011
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1. Calculation of opportunity costs for transportation choices in economic decisions.
2. Impacts of income changes on demand patterns for luxury versus inferior goods like frozen foods.
3. Effects of subsidies on market equilibrium prices and quantities for goods like red peppers.
4. Application of cost-benefit analysis in public infrastructure projects and their social versus private benefits.
5. Trade dynamics within customs unions and changes in comparative advantages due to tariffs and quotas.
6. Monetary policy implications on exchange rates, inflation, and trade balances in international markets.
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Laura Bellini 
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