Economics 9708/31 Oct Nov 2015 | Cambridge AS Level Past Papers With Mark Scheme

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

- Opportunity cost and utility maximization in consumer decision-making, using monetary and marginal utility concepts.
- Elasticity of supply and demand, including factors that influence firm costs, market structures, and production decisions.
- Impact of fiscal policies, such as trade protection, congestion charges, and tax adjustments, on economic indicators like GDP and welfare.
- Multiplier and national income interactions, addressing shifts in savings, investment, and labor force dynamics in macroeconomic contexts.
- Characteristics and challenges in developing economies, focusing on structural changes, productivity, and policy implications for trade and growth.
- Evaluations of regressive versus progressive taxes and their effects on income distribution and budget deficits.