Economics 9708/33 Oct Nov 2018 | Cambridge AS Level Past Papers With Mark Scheme

You can download the full PDF file for reference. Key questions extracted:

1. Identification of economic efficiency achieved by equating marginal social costs with marginal social benefits.
2. Analysis of government intervention in correcting market failures and potential risks of government failure.
3. Evaluation of labor market dynamics under trade union negotiations and wage rate impacts in imperfectly competitive markets.
4. Assessment of the effects of monetary policy, including interest rate cuts, under conditions like the liquidity trap.
5. Impact of primary product dependence on developing countries' trade benefits and economic growth.
6. Effectiveness of reflationary fiscal measures in achieving economic growth and reducing unemployment.