Economics 9708/31 May June 2015 | Cambridge AS Level Past Papers With Mark Scheme

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1. Explain the impact of reallocating resources along the production possibility frontier on productive and allocative efficiency.

2. Analyze the relationship between consumer choice, utility maximization, and changes in budget constraints.

3. Evaluate the role of trade unions in influencing wage levels and job security, considering monopsonistic labor market conditions.

4. Discuss how government policies, such as quotas and subsidies, affect market output and producer profits in regulated industries.

5. Assess the implications of fiscal and monetary policies on balancing national output, inflation, and current account deficits under different economic conditions.

6. Analyze the economic costs of unemployment, focusing on potential output loss, government expenditure, and labor market distortions.