Economics 9708/22 May June 2012 | Cambridge AS Level Past Papers With Mark Scheme

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1. Comparison of current account balance trends for Russia and the United States from 2006 to 2010, highlighting economic implications.
2. Reasons for China's stronger international trade performance over India, including export volume and manufacturing capabilities.
3. Analysis of the 2009 recession's impact on global trade, such as reduced demand and supply chain disruptions.
4. Importance of achieving a current account surplus for economic stability, debt reduction, and currency valuation.
5. Evaluation of expenditure-reducing policies for addressing current account deficits, considering their economic trade-offs.
6. Elasticity concepts in pricing strategies for public transportation and the debate on government involvement in private goods provision.