Economics 9708/11 May June 2017 | Cambridge AS Level Past Papers With Mark Scheme

Download the full PDF file for detailed reference.

1. Explain how scarcity forces consumers to make choices in the allocation of limited resources.

2. Analyze the implications of a shift from a mixed economy to a market economy, such as privatization or competitive bidding for services.

3. Evaluate the impact of changes in production possibility curves on opportunity costs and resource allocation efficiency.

4. Discuss factors influencing price elasticity of demand and supply, including substitutes, production costs, and availability of raw materials.

5. Examine fiscal and monetary policies' role in correcting current account imbalances and managing inflation trends.

6. Assess the effectiveness of international trade policies, such as import substitution and free trade agreements, on local industries and global competitiveness.