Economics 9708/42 May June 2015 | Cambridge AS Level Past Papers With Mark Scheme

Download the PDF file for detailed reference.

1. Identifying reasons for the world cereal market crisis in 2012, including droughts, heatwaves, biofuel demand, and population growth.
2. Examining the differential impacts of rising cereal prices on developed versus developing countries and their economies.
3. Analyzing macroeconomic challenges posed by rising cereal prices on government goals, such as price stability and economic growth.
4. Explaining the effects of income changes on normal and inferior goods, and exploring unemployment types (structural, cyclical, and seasonal).
5. Comparing price and output decisions in perfectly competitive versus monopolistic markets, focusing on profit maximization.
6. Evaluating GDP growth rates of developing and developed countries as indicators of economic development and their limitations.