Economics 9708/11 Oct Nov 2015 | Cambridge AS Level Past Papers With Mark Scheme

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1. Mixed economy feature analysis, focusing on public goods like streetlights versus market-driven services like petrol stations.

2. Production possibility curve shifts, analyzing resource allocation changes and opportunity costs between goods X and Y.

3. Government interventions in markets:
- Subsidies for cars and the impact on demand curves.
- Traffic congestion solutions through road toll elasticity.

4. Price elasticity effects in supply-demand scenarios, including joint supply products and market responses to tax changes.

5. International trade implications:
- Comparative advantage and trade preference shifts.
- Balance of payments impacts from foreign investments.

6. Macroeconomic policy impacts on inflation, unemployment, and economic indicators like consumer price indices and terms of trade.