Economics 9708/11 May June 2018 | Cambridge AS Level Past Papers With Mark Scheme

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

1. Explanation of opportunity costs associated with economic growth and its trade-offs.
2. Analysis of price elasticity impacts on supply and demand equilibrium, using real-world examples like tea or housing.
3. Evaluation of the effects of government subsidies, tariffs, and transfer payments on market outcomes and income distribution.
4. Assessment of comparative advantage and terms of trade improvements between two countries in trade agreements.
5. Impacts of export subsidies on balance of trade and terms of trade, considering elasticity of export demand.
6. Discussion of macroeconomic policy combinations to address inflation, unemployment, and balance of payments deficits.