Economics 9708/22 Oct Nov 2012 | Cambridge AS Level Past Papers With Mark Scheme

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

1. Analysis of the effects of weather conditions and ethanol demand on sugar prices using supply-demand diagrams.
2. Examination of consumer and producer responses to rapid sugar price increases.
3. Discussion of the impact of government policies on sugar prices, including export bans and price controls.
4. Explanation of opportunity costs using production possibility curves in resource allocation.
5. Evaluation of currency depreciation or devaluation on trade balances through exchange rate and demand-supply mechanisms.
6. Discussion of whether governments should prioritize productivity growth or inflation control for economic stability.