Economics 9708/42 Oct Nov 2018 | Cambridge AS Level Past Papers With Mark Scheme

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1. Analysis of the distinction between equality and equity and their implications on income distribution.
2. Evaluation of the harm caused by inequality, including its effects on political institutions and economic opportunities.
3. Assessment of rising inequality in the US using data on changes in real annual pay.
4. Effectiveness of fiscal policy in reducing income inequality through taxation.
5. Impacts of monopolistic competition and changes in a monopoly’s objectives on price, output, and consumer benefits.
6. Economic consequences of robotic automation on unemployment and GDP as a measure of living standards.