Economics 9708/33 May June 2021 | Cambridge AS Level Past Papers With Mark Scheme

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

1. Analysis of negative consumption externalities, focusing on social costs such as discarded waste.
2. Examination of allocative and dynamic efficiency in production, with implications for cost and resource utilization.
3. Impact of government policies on macroeconomic stability, including taxation, infrastructure spending, and fiscal deficits.
4. Evaluation of the Gini coefficient as a measure of income inequality and the effects of progressive taxation on wealth distribution.
5. Discussion of the multiplier effect and its role in determining national income in closed economies.
6. Application of theoretical models like the Laffer Curve and their implications for tax revenue and economic behavior.