Economics 9708/43 Oct Nov 2018 | Cambridge AS Level Past Papers With Mark Scheme

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1. Principal-agent problem and its application to government and private sector relationships.
2. Inefficient resource allocation and its connection to market failure theory and government intervention.
3. Internalizing external costs through cost-benefit analysis and its effectiveness in policy implementation.
4. Analysis of price discrimination and its profitability, including real-world applications in the hotel industry.
5. Natural rate of unemployment: causes of its increase and effectiveness of government versus market approaches to reduce it.
6. Evaluation of the Kuznets curve hypothesis on income inequality and government policies for income redistribution in developed economies.