Economics 9708/11 Oct Nov 2021 | Cambridge AS Level Past Papers With Mark Scheme

You can download the full PDF file for reference. Key questions extracted from the document:

1. Identification of capital as a factor of production in scenarios like aviation or real estate.
2. Behavior of firms in planned economies versus market economies.
3. Analysis of comparative advantage using production possibility data.
4. Effects of taxes, subsidies, and pricing policies on supply and demand in various markets.
5. Impact of government measures, such as minimum pricing and education spending, on long-run economic output.
6. Cost-push inflation causes and challenges in measuring inflation accurately through CPI.
7. Implications of direct income tax reductions and currency devaluation on fiscal, monetary, and supply-side policies.
8. Evaluation of factors influencing balance of payments changes over time.
9. Strategies to boost aggregate demand through tax, subsidy, and spending adjustments.