Economics 9708/23 May June 2015 | Cambridge AS Level Past Papers With Mark Scheme

Download the PDF file for detailed reference.

1. Calculating the category with the largest price rise from January to September 2013 and explaining spending weights' significance in CPI calculations.
2. Assessing how Malawi's high inflation rate impacts its terms of trade and illustrating how export growth could strengthen its currency.
3. Using diagrams to analyze Malawi's resource allocation choices between tobacco and tourism and discussing challenges in reallocating resources.
4. Exploring factors influencing Malawi's decision to develop tourism and reduce reliance on tobacco, including economic, social, and market considerations.
5. Explaining income elasticity of demand concepts for inferior and necessity goods and applying it to assess global recession impacts on demand.
6. Examining the definition of demerit goods, their overconsumption in free markets, and evaluating policies like taxes and regulations to address their impacts.