Economics 9708/13 May June 2014 | Cambridge AS Level Past Papers With Mark Scheme

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

1. Scarcity of resources and its implications for economic choices, trade-offs, and allocation mechanisms.
2. Transition strategies from command to market economies and their impacts on resource allocation.
3. Shifts in demand and supply curves due to price, income, or advertising changes and their effects on equilibrium.
4. Elasticity concepts, including income and cross-price elasticity, and their influence on consumer and producer behavior.
5. Externalities, buffer stock schemes, and comparative advantage applications in production and trade.
6. Exchange rate management, inflation impacts, and the J-curve effect in addressing trade imbalances and currency value fluctuations.