Economics 9708/22 Oct Nov 2021 | Cambridge AS Level Past Papers With Mark Scheme

The PDF file can be downloaded for reference. Key questions include:

1. Impact of income tax cuts on consumption and demand patterns in India.
2. Evaluation of interest rate cuts in the Indian economy, considering advantages and disadvantages.
3. Private versus government provision of infrastructure in India, including roads and bridges.
4. Application of the production possibility curve to opportunity cost and its implications under increasing costs.
5. Comparative advantage in free trade and its overall economic benefits.
6. Analysis of consumer surplus changes due to indirect taxes under varying price elasticity of demand.