Economics 9708/43 Oct Nov 2014 | Cambridge AS Level Past Papers With Mark Scheme

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1. Defining economic growth, explaining tax cuts as a supply-side policy, and analyzing how reduced tax rates influence labor supply and government revenue.

2. Discussing whether tax reductions improve economic growth based on provided data, including varying impacts on disposable income and incentive effects.

3. Evaluating the significance of marginal utility and marginal cost in achieving consumer and producer equilibrium.

4. Examining price discrimination through examples like Cunard's pricing strategies and discussing its justification.

5. Comparing efficiency in monopolistic competition versus perfect competition in terms of resource allocation and consumer welfare.

6. Analyzing labor market imperfections, government intervention needs, and implications for policy-making.

7. Exploring conflicts between economic growth and government objectives arising from increased private consumption and investment.

8. Assessing liquidity preference theory in credit card use and its relevance to money supply changes and macroeconomic impacts.

9. Discussing key features of developing countries, validity of GDP comparisons, and their implications for measuring economic performance.