Economics 9708/23 Oct Nov 2016 | Cambridge AS Level Past Papers With Mark Scheme

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1. Calculating price elasticity of demand for meat and flour in Bishkek and comparing their elasticities using economic principles.
2. Explaining the Russian central bank's intervention to stabilize the rouble using a supply and demand diagram.
3. Assessing the impact of falling remittances from Russia on Kyrgyzstan’s economic performance.
4. Discussing the effectiveness of government actions in Russia and Kyrgyzstan to protect their currencies and their economic consequences.
5. Comparing subsidies versus improved information as policies to address under-consumption of merit goods.
6. Exploring how production possibility curves illustrate scarcity and the role of labor and technological innovation in solving economic problems.