Economics 9708/42 March 2018 | Cambridge AS Level Past Papers With Mark Scheme

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

1. Meaning and implications of economic growth per capita in real terms.
2. Differences between variable and fixed costs and their responsiveness to market price changes.
3. Characteristics of a “buyers’ market” and its impact on market structure.
4. Identification of market failure and the justification for government intervention in industries like steel.
5. Relationship between indifference curve theory and behavioral insights (nudge theory) in consumer satisfaction maximization.
6. Effectiveness of export-led growth versus foreign investment-led strategies for economic development in developing countries.