Economics 9708/13 May June 2017 | Cambridge AS Level Past Papers With Mark Scheme

The PDF file can be downloaded for reference. Key questions include:

1. Application of ceteris paribus in economic modeling and its importance in isolating variable changes.
2. Relationships between production possibility curves, opportunity costs, and shifts due to technological or resource changes.
3. Effects of elasticity on pricing, total expenditure, and market equilibrium adjustments.
4. Government interventions like subsidies, tariffs, and fiscal measures and their impact on trade, national income, and inflation.
5. Comparative advantage applications in resource allocation and trade decisions, including opportunity cost considerations.
6. Classification of expenditure-dampening and expenditure-switching policies in correcting balance of payments deficits.