Economics 9708/22 Oct Nov 2018 | Cambridge AS Level Past Papers With Mark Scheme

The user can download the PDF file for detailed review. Key questions summarized:

1. Analysis of the EU's trade balance in goods and services with China (2010–2015), including comparative trends and implications.
2. Explanation of how subsidies to Chinese steelmakers provide an unfair advantage in global markets, considering production costs and competitiveness.
3. Diagrammatic analysis of the protective role of import tariffs on steel in supporting domestic producers in countries like India.
4. Identification of losers in China and the EU from the imposition of tariffs on Chinese steel, focusing on economic, social, and industrial impacts.
5. Discussion of comparative advantage to evaluate whether the growth in EU service exports to China justifies free trade in the steel market.
6. Examination of public goods using a motorway as an example, and the inflationary effects of government infrastructure spending using AD-AS analysis.