Economics 9708/41 Oct Nov 2011 | Cambridge AS Level Past Papers With Mark Scheme

The user can download the PDF file for detailed review. Key questions summarized:

1. Analysis of consumer behavior changes during the 2009 recession, focusing on spending reductions, saving increases, and shifts toward environmentally-friendly products.
2. Examination of unemployment effects on consumer spending, highlighting shifts in product preferences and demand for value-oriented products.
3. Application of the budget line and equi-marginal utility principles to illustrate consumer choices amidst income changes and price adjustments.
4. Discussion of advertising and sales promotion effectiveness during economic downturns, emphasizing reduced success despite efforts.
5. Evaluation of the relationship between market imperfections and resource allocation efficiency, including impacts on economic outcomes.
6. Analysis of macroeconomic aims and trade-offs, focusing on unemployment, inflation, and economic growth conflicts in policy decisions.