Economics 9708/11 Oct Nov 2017 | Cambridge AS Level Past Papers With Mark Scheme

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

1. Identification and interpretation of positive and normative economic statements in decision-making.
2. Impacts of market supply shifts, elasticity, and price mechanisms on equilibrium and consumer surplus.
3. Role of fiscal and monetary policies in addressing deflation, inflation, and national income stabilization.
4. Comparative and absolute advantage principles in trade decisions, and barriers such as transportation costs.
5. Effects of taxation, subsidies, and government interventions on trade, labor markets, and production efficiency.
6. Evaluation of protectionist measures, including tariffs, bans, and exchange rate adjustments, in global trade dynamics.