Economics 9708/21 May June 2014 | Cambridge AS Level Past Papers With Mark Scheme

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

1. Calculation of inflation rates for India using provided economic data and its implications.
2. Explanation of opportunity costs in resource allocation between transport and education using production possibility curves.
3. Analysis of how improvements in transport and education can enhance the productive potential of the economy.
4. Assessment of factors contributing to exchange rate depreciation in India between 2010 and 2011.
5. Discussion of whether economic theory supports the changes in India’s current account balance given its exchange rate trends.
6. Comparison of private and public goods and the feasibility of profit-making in their supply.