Economics 9708/12 Oct Nov 2012 | Cambridge AS Level Past Papers With Mark Scheme

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

1. Characteristics and implications of mixed economies in resource allocation.
2. Causes and effects of production possibility curve shifts due to resource and demographic changes.
3. Role of externalities and market failures in government interventions like subsidies and tariffs.
4. Economic consequences of exchange rate movements and trade balances on domestic and international markets.
5. Analysis of inflation impacts, monetary policies, and balance of payments deficits.
6. Criteria for unemployment classification and its relationship to economic indicators like wage changes and real incomes.