Economics 9708/11 May June 2015 | Cambridge AS Level Past Papers With Mark Scheme

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1. Identifying factors contributing to increased scarcity, including climate unpredictability and consumption trends.
2. Analyzing demand shifts in response to changes in transportation costs, consumer preferences, and elasticity measures for goods.
3. Understanding market adjustments through price mechanisms in cases of surplus or changes in demand and supply.
4. Exploring externalities, public goods, and government interventions like maximum prices and taxation to correct market failures.
5. Evaluating trade specialization, terms of trade impacts, and employment structure changes across different economies.
6. Assessing macroeconomic indicators like aggregate demand components, inflation trends, exchange rate fluctuations, and trade balances.