Economics 9708/33 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 consumer behavior using budget lines and marginal utility theory for optimal spending.
2. Evaluation of fiscal policy effectiveness, focusing on government deficits, multipliers, and monetary policy coordination.
3. Discussion of inflation’s effects on resource allocation, debt burdens, and economic growth.
4. Examination of foreign direct investment in developing countries and its impact on wages, tax revenue, and income flows.
5. Exploration of exchange rate trends, currency appreciation, and trade impacts using historical data.
6. Assessment of supply-side measures and automatic stabilizers in addressing gaps between actual and potential output.