Economics 9708/32 May June 2023 | Cambridge AS Level Past Papers With Mark Scheme

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1. Evaluate factors like asymmetric information and positive externalities in economic inefficiencies, such as excessive dental treatments.

2. Analyze cost-benefit analysis limitations in projects with complex valuations, such as national pride in stadium construction.

3. Examine labor market dynamics, including shifts in demand for skilled labor and effects of wage changes on employment.

4. Assess government interventions like price controls, demand-induced investments, and their implications on economic efficiency.

5. Discuss macroeconomic indicators like the Human Development Index (HDI) changes, J-curve effects on trade balances, and the role of Gini coefficients in development.

6. Explore distinctions between economic growth and development, focusing on GDP growth versus broader improvements in living standards and poverty reduction.