Economics 9708/12 May June 2016 | Cambridge AS Level Past Papers With Mark Scheme

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1. Analyzing production possibility curve shifts due to resource discoveries and employment changes, and functions of money in modern economies.

2. Evaluating price elasticities, income elasticity for inferior goods, and supply-demand curve shifts for products like fizzy drinks and sugar.

3. Understanding tax incidence on specific goods, consumer surplus changes with price variations, and long-run consequences of maximum rent controls.

4. Assessing fiscal policy combinations to address income inequality and evaluating buffer stock schemes for price and revenue stabilization in agriculture.

5. Examining privatization motives, impacts of exports on economic stability, and trade changes on balance of payments, including exchange rate effects.

6. Exploring policies for economic growth, inflation control, trade tariffs, and expenditure-reducing measures to correct balance of payments deficits.