Economics 9708/33 May June 2018 | Cambridge AS Level Past Papers With Mark Scheme

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1. External benefits and their role in achieving allocative efficiency through government policies like subsidies.
2. Market structures: characteristics of monopolistic competition, price discrimination, and sales revenue maximization.
3. Wage determination in labor markets, monopsony effects, and implications of minimum wage policies.
4. Limitations of GDP as a measure of living standards, including externalities and unrecorded economic activity.
5. Keynesian economic indicators: elasticity of demand for money and investment, equilibrium income, and government fiscal strategies.
6. Policy options to address inflation and balance of payments surpluses, including currency devaluation and trade liberalization.