Economics 9708/12 Oct Nov 2017 | Cambridge AS Level Past Papers With Mark Scheme

You can download the full PDF file for reference. Key questions extracted:

1. Analysis of policies for improving human resources and renewable energy to overcome scarcity in resource-limited economies.
2. Examination of the effects of subsidies, maximum pricing, and taxation on market outcomes and resource allocation.
3. Evaluation of consumer surplus changes due to supply shifts and government interventions.
4. Application of exchange rate management strategies, such as currency interventions, to maintain economic stability.
5. Discussion of customs unions, trade diversion, and comparative advantage effects on trade dynamics and pricing.
6. Assessment of monetary policy tools, such as reserve requirement adjustments, to stimulate business activity and economic growth.