Economics 9708/21 May June 2020 | Cambridge AS Level Past Papers With Mark Scheme

The PDF file can be downloaded for reference. Key questions include:

1. Relationship between Lagos' economic contribution and Nigeria's national output.
2. Distinction between balance of trade and terms of trade, including their economic implications.
3. Role of entrepreneurship and innovation in Lagos’ economic transformation.
4. Supply-side effects of free trade zones and their impact on specialization and comparative advantage in Nigeria.
5. Analysis of the effectiveness of government intervention in encouraging private sector growth in mixed economies.
6. Opportunity costs in firm decision-making, the role of public goods in government production, and environmental impacts of foreign holidays.