Economics 9708/32 Oct Nov 2019 | Cambridge AS Level Past Papers With Mark Scheme

Download the attached file to view the complete content. Key questions extracted:

1. Understanding allocative and productive efficiency in relation to production possibility curves.
2. Analysis of marginal utility, consumer equilibrium, and utility maximization.
3. Government interventions addressing monopsony power, merit goods, and market failures.
4. Effects of exchange rate regimes on monetary policy independence and inflation control.
5. Impact of dependency ratios, circular flow injections, and economic growth on economies.
6. Policy recommendations for developing countries, including IMF conditions, FDI, and education investment.