Economics 9708/33 Oct Nov 2019 | Cambridge AS Level Past Papers With Mark Scheme

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1. Analysis of externalities and their impact on allocative efficiency in market transactions.
2. Role of indifference curves and budget constraints in consumer choice and utility maximization.
3. Wage differentials: economic rent, transfer earnings, and the impact of trade unions and non-monetary advantages.
4. Implications of fiscal and monetary policies on income inequality and economic stability.
5. Evaluation of unemployment types: cyclical, structural, and frictional, with their respective economic impacts.
6. Effects of currency appreciation and demand elasticity on a country’s balance of payments and inflation.