Economics 9708/23 Oct Nov 2020 | Cambridge AS Level Past Papers With Mark Scheme

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1. Malaysia's trade surplus and its relationship with foreign exchange rate changes; implications for economic performance.
2. Causes for differences between Malaysia’s balance of trade and current account balance.
3. Factors contributing to Malaysia’s increasing trade surplus beyond exchange rate changes.
4. Market disequilibrium causes and restoration mechanisms using market forces.
5. Income elasticity of demand: distinguishing normal and inferior goods, and applications in economic analysis.
6. Impact of supply-side policies, such as infrastructure and labor productivity investments, on output and inflation.