Economics 9708/41 Oct Nov 2021 | Cambridge AS Level Past Papers With Mark Scheme

- Electric Cars and Social Costs: Impact of all-electric cars on transport-related social costs and their potential to reduce global oil demand.
- Market Failure and Structures: Evaluation of how market structures influence the causes and extent of market failure.
- Labour Market Dynamics: Analysis of labour demand elasticity, minimum wage policy effectiveness, monopsony-induced failures, and trade union interventions.
- Macroeconomic Consumption and Savings: Role of marginal propensity to consume in policy and the effects of savings on growth and employment.
- Quantity Theory of Money: Examination of its practical applicability and its role in inflation control.
- Economic Growth in Developing Economies: Relationship between FDI, GDP growth, infrastructure investment, and balance of payments impacts.