Economics 9708/32 Oct Nov 2012 | Cambridge AS Level Past Papers With Mark Scheme

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1. Role of subsidies in internalizing external benefits and improving resource allocation.
2. Analysis of wage determination through marginal cost and revenue product curves.
3. Examination of firm cost structures using economist versus accountant definitions.
4. Impact of government fiscal and monetary policies on investment, inflation, and unemployment rates.
5. Factors influencing production possibility curve shifts, including changes in capital and labor allocation.
6. Effectiveness of multilateral tariff reductions and subsidy removals in promoting growth in developing economies.