Economics 9708/42 March 2023 | Cambridge AS Level Past Papers With Mark Scheme

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- Government Borrowing and Recession: Analysis of borrowing rationale, recession impacts, crowding-out effect, and high debt-to-GDP ratios.
- Public Debt Analysis: Evaluation of borrowing sustainability and effectiveness of high public sector debt in economic recovery.
- Market Failure in Air Travel: Assessment of government intervention in negative externalities through taxation, regulation, or subsidies.
- Oligopoly Behavior: Analysis of collusion effects on pricing, resource allocation, and market efficiency.
- Balance of Payments Policies: Evaluation of expenditure-reducing policies' impacts on unemployment and external deficits.
- Globalization's Influence: Assessment of globalization’s effects on living standards, economic growth, and inequalities in low-income countries.