Economics 9708/12 Oct Nov 2014 | Cambridge AS Level Past Papers With Mark Scheme

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

1. Evaluation of the conditions under which productive efficiency can be achieved.
2. Calculation of marginal costs, elasticity of demand, and their implications for resource allocation.
3. Analysis of consumer and producer behavior influenced by taxes, subsidies, and market interventions.
4. Examination of international trade concepts such as dumping, tariffs, and balance of payments effects on inflation.
5. Discussion of macroeconomic dynamics like cost-push versus demand-pull inflation and exchange rate impacts.
6. Exploration of government interventions in trade policies, their effects on import volumes, and domestic inflation outcomes.