Economics 9708/12 May June 2015 | Cambridge AS Level Past Papers With Mark Scheme

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1. Analyze the economic reasons for abandoning large-scale infrastructure projects, considering opportunity costs and externalities.

2. Explain how the transition from a planned to a market economy impacts savings rates and consumption behavior.

3. Evaluate the relationship between consumer demand, substitutes, and price elasticity using examples like luxury goods or inferior goods.

4. Discuss the economic implications of trade protection policies on export competitiveness and the cost of imported components.

5. Assess how monetary policy influences inflation, exchange rates, and foreign capital flows, using real-world scenarios.

6. Examine the role of price indices in tracking inflation and the impact of inflation changes on fixed incomes, savings, and purchasing power.