Economics 9708/12 May June 2019 | Cambridge AS Level Past Papers With Mark Scheme

The PDF file can be downloaded for reference. Key questions include:

1. Causes of shifts in production possibility curves and their implications for resource allocation.
2. Justifications for government intervention in merit goods and impacts of policies like taxes and price controls.
3. Elasticities' role in market behavior, including income elasticity, cross elasticity, and their effects on demand and supply.
4. Trade policy analysis, including tariffs, floating exchange rates, and their impact on balance of payments.
5. Relationships between fiscal policies, aggregate demand, and macroeconomic indicators like unemployment and inflation.
6. Understanding deflation, international trade dynamics, and policy tools to stabilize economies.