Economics 9708/22 Oct Nov 2014 | Cambridge AS Level Past Papers With Mark Scheme

You can download the PDF file for complete details.

1. Comparison of China's inflation rates between specific years and its implications on economic stability.
2. Explanation of how currency values are determined in free markets using foreign exchange mechanisms.
3. Justification of the US Treasury's claims of China's currency manipulation based on foreign exchange reserves and trade surplus.
4. Analysis of factors contributing to China's current account surplus despite rising prices and yuan appreciation.
5. Discussion on whether an appreciating yuan benefits China overall, considering trade and domestic implications.
6. Evaluation of price mechanisms in resource allocation within market and mixed economies, and their relative importance.