Economics 9708/21 Oct Nov 2011 | Cambridge AS Level Past Papers With Mark Scheme

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

1. Analysis of diamond price trends across different carat sizes and their implications for demand and supply dynamics.
2. Evaluation of factors influencing diamond demand, such as consumer preferences and economic conditions.
3. Examination of external costs associated with diamond mining, including environmental damage and labor conditions.
4. Assessment of the effects of luxury taxes on the diamond market using supply-demand diagrams.
5. Comparison of public versus private decision-making processes in construction project evaluations.
6. Discussion of the effectiveness of expenditure-switching policies in addressing current account deficits.