Economics 9708/22 Oct Nov 2016 | Cambridge AS Level Past Papers With Mark Scheme

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1. Analyzing the US balance of trade with India (2009–2014), factors influencing its changes, and additional balances required to calculate the current account balance.

2. Using diagrams to illustrate the price effects of import duties and evaluating factors determining the extent of sales changes due to imposed duties.

3. Examining potential reasons for export quotas on raw materials like tungsten and molybdenum and assessing the justification of protectionist trade measures.

4. Explaining market impacts of substitute price increases and evaluating the response of habit-forming demerit goods and goods with substitutes to price rises for policymaking insights.

5. Identifying factors causing price inelastic supply and discussing government policies to enhance the price elasticity of supply for agricultural goods.

6. Exploring money's role in a modern economy, the effects of increasing money supply on inflation, and assessing government policy options for controlling inflation.