Economics 9708/41 May June 2016 | Cambridge AS Level Past Papers With Mark Scheme

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1. Trends in China's working population by sector, illustrating shifts from primary to secondary and tertiary sectors, and their alignment with characteristics of emerging economies.

2. Analysis of falling prices and their impacts on the economy, debating whether deflation harms economic growth or benefits consumers through lower costs.

3. Evaluation of China's economic transition from investment-led growth to consumption-driven growth and its implications for global trade and domestic demand for raw materials.

4. Debate on market power in modern economies, focusing on whether concentrated markets inevitably fail to serve public interest.

5. Consumer equilibrium and indifference curve analysis, examining how price changes influence consumer purchasing decisions and whether demand for a good always rises when its price falls.

6. Wage inequalities as a feature of labor markets, assessing their inevitability and justification based on economic theory.

7. The equilibrium level of national income, exploring its compatibility with unemployment and the potential benefits and drawbacks of increasing the growth rate of national income.