Economics 9708/31 Oct Nov 2014 | Cambridge AS Level Past Papers With Mark Scheme

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

1. Concepts of allocative and productive efficiency and their implications for production possibility curves.
2. Role of utility, elasticity, and marginal costs in consumer and producer decision-making.
3. Interactions between trade unions, wage differentials, and employment dynamics in labor markets.
4. Effects of monetary and fiscal policies, including quantitative easing and government expenditure, on economic growth and stability.
5. Influence of tariffs, subsidies, and trade policies on international trade and domestic price levels.
6. Addressing structural unemployment through targeted government interventions such as training subsidies and support measures for lower-income groups.