Economics 9708/32 May June 2018 | Cambridge AS Level Past Papers With Mark Scheme

Download the attached file to view the complete content. Key questions extracted:

1. Calculation and application of social cost in resource allocation decisions.
2. Role of elasticity in subsidy efficiency and externalities in markets.
3. Impact of cost reductions or tax changes on market dynamics and consumer welfare.
4. Evaluation of productivity growth drivers, such as technology and labor improvements.
5. Interaction between aggregate supply, fiscal policies, and Keynesian economic frameworks.
6. Effects of central bank interest rate policies on inflation, lending, and investment flows.