Economics 9708/12 Oct Nov 2015 | Cambridge AS Level Past Papers With Mark Scheme

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

- Production possibility curve changes and their implications for growth potential and opportunity cost adjustments.
- Elasticity concepts in demand and cross-elasticity for complementary and substitute goods, including consumer behavior analysis.
- Government interventions in markets, such as cost-benefit analyses, trade barriers, and public goods transitioning to private goods.
- International trade dynamics, including comparative advantage, customs unions, and their effects on balance of payments and resource allocation.
- Effects of inflation and recession on various macroeconomic indicators like Consumer Price Index, unemployment, and balance of payments.
- Supply-side measures and fiscal policy decisions to address growth, income distribution, and market stabilization.