Economics 9708/11 Oct Nov 2020 | Cambridge AS Level Past Papers With Mark Scheme

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1. Effects of changes in production allocations on opportunity costs, focusing on consumer and capital goods.
2. Normative versus positive statements in economic policy debates, specifically regarding healthcare charges.
3. Price elasticity in demand and supply curves: impacts of shifts on markets and producer surplus.
4. Public and merit goods: characteristics and implications for over-consumption and rationing.
5. Taxation and balance of payments: analysis of current account deficits and the effectiveness of tariffs and currency devaluation.
6. Supply-side policies for reducing unemployment and improving labor market flexibility.