Economics 9708/33 May June 2012 | Cambridge AS Level Past Papers With Mark Scheme

Download the attached file to view the complete content. Key questions extracted:

1. Conditions for achieving economic efficiency and implications of marginal social costs and benefits.
2. Consumer decision-making involving utility maximization and budget constraints.
3. Causes of shifts in consumption, investment, and aggregate demand based on Keynesian models.
4. Effects of fiscal and monetary policies on unemployment, inflation, and natural rate adjustments.
5. Relationship between trade barriers like quotas and economic consequences for exporters and importers.
6. Indicators of economic development, including quality of life improvements and GDP changes.