Economics 9708/23 May June 2012 | Cambridge AS Level Past Papers With Mark Scheme

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

1. Comparison of export performance between EU, NAFTA, and JACIK, and their relative shares in the global market.
2. Analysis of economic integration models, including free trade and the free movement of capital and labor, and their welfare impacts.
3. Differentiation between economic union and free trade area in terms of integration features and challenges.
4. Effects of income elasticity and cross-price elasticity on goods classification and market behavior.
5. Evaluation of maximum and minimum price controls for aiding consumers and producers in economic stability.
6. Short-run inflation explained using aggregate demand and supply, and a comparison of economic desirability between inflation and deflation.