Economics 9708/23 May June 2014 | Cambridge AS Level Past Papers With Mark Scheme

Download the attached file to view the complete content. Key questions extracted:

1. Calculation of food price inflation rates from 2003–2009 and 2009–2012.
2. Evidence linking EU biofuel targets to rising food prices and global hunger.
3. Market effects of the removal of biofuel subsidies in the United States on biofuels and fossil fuels.
4. Trade-offs between biofuel crop production and food crop production illustrated with a production possibility curve.
5. Evaluation of indirect taxes on fossil fuels versus biofuel targets for reducing global warming.
6. Causes of current account deficits and policies for addressing them while minimizing consumer disadvantages.