Economics 9708/31 Oct Nov 2019 | Cambridge AS Level Past Papers With Mark Scheme

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

1. Identification of externalities, including pollution and congestion, and their impacts on economic decisions.
2. Analysis of productive efficiency using marginal product data for labor and capital allocation.
3. Evaluation of consumer behavior influenced by utility and advertising, supported by indifference curves.
4. Examination of contestable markets and their characteristics, such as low entry barriers and competitive dynamics.
5. Discussion of government policies addressing inequality, taxation, and benefits, using progressive income redistribution frameworks.
6. Macroeconomic scenarios, including unemployment, fiscal deficits, trade balances, and national income equilibrium models.