Economics 9708/13 May June 2012 | Cambridge AS Level Past Papers With Mark Scheme

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

1. Examination of transition economies moving from central planning to market-based systems, focusing on economic challenges and structural changes.
2. Analysis of opportunity costs in resource allocation, including trade-offs between consumption and investment in economic growth models.
3. Evaluation of demand and supply elasticities, cross-price elasticity, and their implications for pricing strategies and market equilibrium.
4. Discussion of external costs and benefits, including government interventions like subsidies, tariffs, and environmental protection policies.
5. Exploration of trade balances and exchange rate stability, assessing their impacts on economic performance and external financing.
6. Analysis of inflation control mechanisms, including monetary policy targets and their effectiveness in stabilizing economic growth.