Economics 9708/13 May June 2013 | Cambridge AS Level Past Papers With Mark Scheme

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

1. Evaluation of the effects of transitioning from a planned economy to a market system on consumer choice, enterprise, and innovation.
2. Analysis of production possibility curves to assess trade-offs in resource allocation and economic efficiency.
3. Examination of demand elasticity concepts, including income elasticity and cross-price elasticity, for interpreting consumer and market behaviors.
4. Discussion of externalities and net benefits in public goods provision, using cost-benefit analysis.
5. Exploration of inflation impacts on real money value, purchasing power, and balance of payments through exchange rate fluctuations.
6. Assessment of macroeconomic policies, such as low-interest rates, exchange rate controls, and subsidies, on trade deficits and economic stability.