Economics 9708/22 May June 2017 | Cambridge AS Level Past Papers With Mark Scheme

The user can download the PDF file for detailed review. Key questions summarized:

1. Comparison of Iceland and the Republic of Ireland (RoI) recovery trajectories using production possibility curves and macroeconomic indicators.
2. Examination of the devaluation of Iceland’s currency and its effects on inflation, exports, and current account balances.
3. Evaluation of the costs and benefits of exchange rate management systems, including their impacts on economic stability and trade.
4. Analysis of resource allocation in response to demand changes in a market economy, emphasizing enterprise as a factor of production.
5. Discussion of methods to increase merit good provision in a mixed economy, such as subsidies versus public provision.
6. Comparison of fiscal, monetary, and supply-side policies in managing aggregate demand and addressing inflation effectively.