Economics 9708/22 May June 2018 | Cambridge AS Level Past Papers With Mark Scheme

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

1. Calculation of Thailand's aggregate demand and classification of infrastructure spending within expenditure categories.
2. Effects of a fall in interest rates on consumption and export spending.
3. Demand factors contributing to higher growth in visitor numbers from China to Thailand compared to other countries.
4. Concerns about the high proportion of export and import spending in Thailand’s total expenditure.
5. Resource allocation mechanisms in market versus mixed economies and the role of supply-side policies in boosting enterprise.
6. Impact of price elasticity of demand on tax incidence, consumer surplus, and the justification for imposing indirect taxes in a mixed economy.