Economics 9708/42 Oct Nov 2016 | Cambridge AS Level Past Papers With Mark Scheme

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1. Explaining monetary policy and evaluating the Federal Reserve’s actions, including bond-buying reductions and low interest rates.
2. Assessing the role of a stronger global economy in accelerating domestic growth and its effects on developing countries' currencies.
3. Analyzing the pressure on currencies of India, Indonesia, Turkey, and Brazil due to current account deficits and global monetary policies.
4. Exploring the effects of reduced quantitative easing by the Federal Reserve on the US economy.
5. Discussing how economic theories address maximizing welfare from resource allocation and its practical applications.
6. Comparing developed and developing countries' standards of living, distinguishing key differences using examples like Norway and New Zealand.