Economics 9708/31 May June 2019 | Cambridge AS Level Past Papers With Mark Scheme

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

1. Identification and analysis of economic inefficiency in markets and external cost management.
2. Application of indifference curve analysis and consumer equilibrium in determining demand curves.
3. Factors contributing to survival of small firms in competitive industries alongside large firms.
4. Impacts of mergers, price discrimination, and economies of scale on firm behavior and market dynamics.
5. Relationships between fiscal policies, GDP components, and macroeconomic stability.
6. Solutions to structural unemployment, trade-based development strategies, and effectiveness of fiscal policies in recession recovery.