Economics 9708/32 March 2018 | Cambridge AS Level Past Papers With Mark Scheme

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1. Net social benefit in cost-benefit analysis and its relevance in evaluating government projects.
2. Market failure in external costs and allocative efficiency, emphasizing marginal cost and marginal revenue alignment.
3. Characteristics of monopolistic and imperfect competition, with a focus on integration and pricing strategies.
4. Productivity analysis and labor market shifts during various stages of the business cycle.
5. Income inequality and development using the Kuznets Curve and policies addressing circular income flow leakages.
6. Complementary macroeconomic policy aims, such as high growth with low unemployment, and their compatibility.