Economics 9708/31 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 cost-benefit analysis for government projects, focusing on social versus private costs and benefits.
2. Examination of allocative and productive efficiency using cost and revenue curves to determine optimal output levels.
3. Analysis of price discrimination requirements and its effects on markets with varying consumer groups.
4. Investigation of externalities in production, with policies like taxation addressing negative impacts on social costs.
5. Understanding macroeconomic principles like equilibrium income, the multiplier effect, and automatic stabilizers in national income determination.
6. Discussion of government policies, including supply-side reforms, price controls, and market-based strategies for achieving macroeconomic objectives.