Economics 9708/32 May June 2020 | Cambridge AS Level Past Papers With Mark Scheme

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1. Negative externalities and market inefficiencies: examples and policy implications.
2. Price elasticity in monopolistic competition: allocative efficiency and sales maximization.
3. Training underinvestment in mixed economies: societal benefits versus individual incentives.
4. Oligopolistic behavior: anti-competitive practices such as collusion, limit pricing, and price leadership.
5. Economic migration in developing countries: rural and urban benefits from labor and financial shifts.
6. Monetary policies during recessions: limitations like the liquidity trap and marginal propensities affecting economic recovery.