Economics 9708/31 May June 2012 | Cambridge AS Level Past Papers With Mark Scheme

You can download the full PDF file for reference. Key questions extracted:

1. Identification of conditions for economic efficiency using the marginal social cost and benefit framework.
2. Analysis of shifts in consumption patterns due to changes in income or taxation using consumption functions.
3. Discussion of the impact of government policies such as subsidized travel for job seekers and minimum wage adjustments on unemployment rates.
4. Evaluation of the effects of new resource discoveries, like oil, on developing economies’ trade, exchange rates, and growth.
5. Examination of the consequences of quotas on imports, including price and output changes in exporting and importing countries.
6. Exploration of monetary policies, including central bank currency interventions and lending practices, on money supply dynamics.