Economics 9708/31 Oct Nov 2017 | Cambridge AS Level Past Papers With Mark Scheme

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

1. Evaluation of the privatization of state-owned industries for achieving efficiency and productive outcomes.
2. Analysis of consumer and producer behavior changes due to price changes, taxation, and subsidies using indifference curves and market diagrams.
3. Examination of factors influencing labor force size, such as retirement age and participation rates, and their economic impacts.
4. Discussion of economic tools like the Laffer curve and their role in redistributing income and addressing fiscal policy objectives.
5. Assessment of environmental and resource allocation impacts of rapid economic growth using sustainability principles.
6. Consideration of supply-side measures like training schemes and import control relaxation to address structural unemployment and labor imbalances.