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

The user can download the PDF file for detailed review. Key questions summarized:

1. Analysis of external economies of scale and their impact on average costs using diagrams.
2. Economic implications of demand declines in geographically concentrated industries, such as unemployment and urban decline.
3. Discussion on reducing negative externalities from industrial concentration, with a focus on environmental and social strategies.
4. Use of indifference curve analysis to derive demand curves for normal goods and evaluate demand changes due to price variations.
5. Examination of government intervention in microeconomics, focusing on efficiency improvements and associated challenges.
6. Exploration of macroeconomic policy conflicts, particularly the interplay of tax reductions and interest rate hikes on growth and inflation.