Economics 9708/22 March 2022 | Cambridge AS Level Past Papers With Mark Scheme

Download the attached file to view the full content. Key questions extracted:

1. Impact of Turkey's interest rate cuts on inflation and economic recovery using aggregate demand and supply analysis.
2. Effects of inflation and price elasticity of demand on Turkey's current account balance.
3. Reallocation of resources between capital and consumer goods using production possibility curve analysis.
4. Transition from a planned to a market economy and its benefits to consumers.
5. Differences in price elasticity of supply and its determinants with examples.
6. Advantages and disadvantages of protectionism for industries like steel.