Economics 9708/33 May June 2019 | Cambridge AS Level Past Papers With Mark Scheme

The user can download the PDF file for detailed review. Key questions summarized:

1. Examination of economic inefficiency and its implications for welfare and resource allocation.
2. Analysis of cost-benefit dynamics, including external costs and government interventions to correct market failures.
3. Exploration of consumer preferences using indifference curves and substitution versus income effects on demand.
4. Discussion on economies and diseconomies of scale and their relevance for firm expansion and market behavior.
5. Insights into unemployment types, including structural unemployment, and policies addressing retraining and labor market flexibility.
6. Keynesian fiscal policies, output gaps, and monetary effects on national income, unemployment, and inflation dynamics.