Economics 9708/41 Oct Nov 2015 | Cambridge AS Level Past Papers With Mark Scheme

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1. Explain how economic growth, higher wages, and increased disposable income contribute to happiness, as discussed in the article.

2. Use a diagram to illustrate the impact of increased indirect taxes on consumer utility and disposable income.

3. Evaluate the merits and drawbacks of increasing taxes on the wealthy, focusing on income redistribution and economic incentives.

4. Discuss whether economic growth always improves consumer welfare, considering environmental costs, inequality, and externalities.

5. Analyze the relationship between privatisation and economic efficiency, addressing competition, resource allocation, and market dynamics.

6. Evaluate whether larger firms are always preferable due to economies of scale, considering cost structures, innovation, and market adaptability.