Economics 9708/13 May June 2023 | Cambridge AS Level Past Papers With Mark Scheme

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1. Classify flowers in a park as public goods based on their excludability and rivalry characteristics.

2. Analyze opportunity costs from pandemic-driven business closures, focusing on lost production from non-essential sectors.

3. Discuss production possibility curves as indicators of resource allocation and economic trade-offs.

4. Evaluate factors influencing demand and supply curves, including elasticities and external shifts like complements and substitutes.

5. Examine government policies for reducing inequality, like progressive taxation and minimum wage increases, and their impact on economic equity.

6. Assess macroeconomic policies for growth and stability, including tariffs, exchange rate adjustments, and deflation countermeasures.