Economics 9708/43 May June 2016 | Cambridge AS Level Past Papers With Mark Scheme

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1. Assessing the economic benefits of Heathrow Airport expansion, including job creation, trade boosts, and connectivity improvements.

2. Identifying passenger drop-off as an externality, proposing methods to address it, and evaluating government contributions to private infrastructure costs.

3. Examining the use of factual evidence versus opinions in airport expansion proposals and forming a position on the project.

4. Evaluating whether increased scale of production reduces costs and analyzing the contestability of pharmaceutical markets.

5. Discussing economic growth as a potential cause of inflation and its suitability as a standard of living indicator compared across nations.

6. Explaining equilibrium national income in open economies and assessing government policies to alter equilibrium levels effectively.