Economics 9708/12 May June 2018 | Cambridge AS Level Past Papers With Mark Scheme

The user can download the PDF file for detailed review. Key questions summarized:

1. Evaluation of opportunity costs and production possibility curves (PPC), applying marginal analysis to economic decision-making.
2. Analysis of market dynamics, including price elasticity, supply curve shifts, and government interventions such as subsidies and taxes.
3. Examination of public goods and transfer payments, focusing on characteristics, consumption, and fiscal implications.
4. Discussion of macroeconomic indicators like inflation, terms of trade, and current account balances, assessing their economic impacts.
5. Differentiation between customs unions and free trade areas, exploring implications for tariffs and market integration.
6. Exploration of monetary policies, including expansionary strategies and their roles in addressing trade surpluses and price stability.