Economics 9708/33 Oct Nov 2014 | Cambridge AS Level Past Papers With Mark Scheme

The user can download the PDF file for detailed review. Key questions summarized:

1. Analysis of efficient resource allocation and the role of production possibility curves in measuring economic efficiency.
2. Examination of wage differentials in labor markets, including factors such as productivity, economic rent, and non-pecuniary disadvantages.
3. Evaluation of market dynamics, focusing on supply and demand shifts in response to government interventions like taxes, quotas, and subsidies.
4. Exploration of fiscal deficits and money supply adjustments, assessing their effects on aggregate expenditure and economic stability.
5. Discussion on the Human Development Index (HDI) components, differentiating them from broader economic metrics.
6. Examination of policies to correct balance of payments deficits, including expenditure dampening strategies like tax increases versus trade restrictions.