Economics 9708/21 May June 2015 | Cambridge AS Level Past Papers With Mark Scheme

Download the PDF file for reference and detailed examination of the questions.

- Trends in US oil net imports post-2005 and factors contributing to their reduction.
- Effects of hydraulic fracturing and reduced vehicle demand on gasoline prices in the US.
- Cross-elasticity between gasoline and biofuel, analyzing their substitution relationship.
- Impact of reducing foreign oil dependency on US aggregate demand, employment, and prices.
- Price inelastic supply factors and government strategies to make essential goods’ supply more responsive to price changes.
- Role comparison between entrepreneurs and governments in driving economic growth in mixed economies.