Economics 9708/21 Oct Nov 2012 | Cambridge AS Level Past Papers With Mark Scheme

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

1. Comparison of educational participation rates across countries and their impact on long-term productivity and prosperity.
2. Economic reasons for differences in participation rates between age groups and their implications for labor market outcomes.
3. Differentiation between production and productivity, and their relationship with education and production possibility curve shifts.
4. Classification of education as a merit good and comparison with public goods like national defense.
5. Effects of removing subsidies and indirect taxes on price and quantity using diagrams.
6. Benefits and drawbacks of global trade protection bans and various types of international economic integration.