Economics 9708/23 May June 2022 | Cambridge AS Level Past Papers With Mark Scheme

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1. Describe changes in the level and source of US avocado imports from 2013 to 2018, focusing on key supplier countries.

2. Calculate the percentage change in wholesale prices of Mexican avocados (April–July 2019) and explain demand and supply factors influencing this change.

3. Evaluate the price elasticity of avocado supply in the short and long run, considering production constraints like water usage.

4. Use a production possibility curve diagram to illustrate the opportunity cost for New Zealand farmers switching from dairy to avocado production.

5. Discuss the effectiveness of the price mechanism in allocating resources in the global avocado market, addressing concerns like environmental impact and supply shortages.

6. Explain why flood defence barriers meet the characteristics of public goods, and analyze why merit goods like healthcare and education are provided by both private and public sectors.