Economics 9708/32 Oct Nov 2011 | Cambridge AS Level Past Papers With Mark Scheme

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

1. Downward sloping demand curve explained by diminishing marginal utility and consumer choices.
2. Cost and revenue analysis to identify allocative and productive efficiency in firms.
3. Economic impact of government policies like tax structure adjustments and subsidies on income distribution and work incentives.
4. Aggregate demand and supply curve shifts due to fiscal and monetary policies and their effects on national output and price levels.
5. Role of Human Development Index (HDI) components and rapid productivity growth in developing economies’ competitiveness and trade.
6. Evaluation of flexible exchange rate systems and interest rate changes on domestic demand and export competitiveness.