Economics 9708/31 May June 2020 | Cambridge AS Level Past Papers With Mark Scheme

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

1. Explanation of positive externalities in vaccination and their impact on public welfare.
2. Evaluation of productive efficiency and x-inefficiency in firms' cost structures.
3. Analysis of Lorenz curve shifts and causes of changes in income inequality.
4. Relationship between migration, economic growth, and wage pressure in developed countries.
5. Effects of monetary policy, including quantitative easing, on interest rates, money supply, and currency value.
6. Impacts of tariffs on domestic industries, terms of trade, and producer surplus.