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

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1. Global maize price trends and the factors behind their decline, such as reduced biofuel and animal feed demand.

2. Domestic maize price increases in Zimbabwe and Malawi, driven by factors like weak currency, low harvests, subsidies, and guaranteed minimum price adjustments.

3. Supply-demand analysis using diagrams to explain effects of minimum prices, subsidies, and production incentives on the maize market.

4. Evaluation of maximum price controls for staple foods in Zimbabwe and their effectiveness in addressing food security for poorer households.

5. The role of money in a modern economy, highlighting the shift to contactless payments and their impact on money's traditional functions.

6. Production possibility curves as tools to illustrate scarcity, choice, and opportunity cost, alongside the challenges in implementing supply-side policies for economic growth.

7. Effects of inflation differentials on freely floating exchange rates, with analysis of terms of trade improvements and their mixed impacts on an economy.