Economics 9708/21 Oct Nov 2016 | Cambridge AS Level Past Papers With Mark Scheme

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- Changes in world sugar prices and their divergence from US domestic prices between 2011 and 2013.
- Explanation of dumping practices by Mexican sugar producers and economic justification for the US’s accusations.
- Impacts of imposing a higher minimum price on the US sugar market using supply and demand analysis.
- Evaluation of beneficiaries in the US and Mexico from a trade war despite the advantages of free trade.
- Consumer surplus changes due to indirect taxes versus policies improving knowledge of demerit goods.
- Exchange rate determinants in free markets and the effects of anticipated interest rate increases on the US dollar's value and economy.