Economics 9708/32 May June 2019 | Cambridge AS Level Past Papers With Mark Scheme

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

1. Identification of market economies' resource allocation versus command economies' characteristics.
2. Evaluation of cost-benefit analysis for public infrastructure projects, emphasizing private and external impacts.
3. Analysis of the effects of changes in price, income, and substitution on consumer behavior using indifference curve theory.
4. Discussion of monopolistic competition characteristics and their implications for market behavior and pricing strategies.
5. Assessment of liquidity preference changes and their effects on interest rates and money supply equilibrium.
6. Consideration of fiscal and monetary policy combinations to enhance economic output and manage demand-side shocks.