Economics 9708/42 March 2020 | Cambridge AS Level Past Papers With Mark Scheme

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

1. Analysis of alternative macroeconomic policy tools, beyond monetary policy, and their economic impacts.
2. Evaluation of cost-benefit analysis for public sector investment projects, highlighting its merits.
3. Discussion on whether high GDP directly correlates with higher population well-being.
4. Examination of differing perspectives on central bank interest rate levels and their justifications.
5. Analysis of externalities as causes of market failure and the role of government in addressing them.
6. Evaluation of supply-side policies’ effectiveness during economic recessions.