Economics 9708/21 May June 2018 | Cambridge AS Level Past Papers With Mark Scheme

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1. Calculate the percentage depreciation of the rouble and distinguish between nominal and real exchange rates.
2. Analyze the effect of declining oil prices on the rouble's depreciation using demand and supply diagrams.
3. Impact of rouble depreciation on Russia's economic indicators, such as inflation, growth, and exports.
4. Evaluate the benefits and drawbacks of privatizing state assets in Russia.
5. Private goods classification of merit and demerit goods and their provision in market economies.
6. Importance of price elasticity and cross-elasticity of demand for firms in product supply and strategic planning.