9708/12

Economics 9708/12October/November 2017

Cambridge AS Level · AS Level Multiple Choice · answer key with instant marking and worked solutions

30
questions
30
marks
60
minutes

Topics Demand and Supply · Methods of Government Intervention in Markets · Elasticities of Demand · Market Equilibrium and the Price Mechanism · Consumer and Producer Surplus · Fiscal Policy · +13 more

Tap an option under each question to check it — your score builds as you go.

Q11MScarcity, Choice and Opportunity CostFactors of ProductionFree sample

To overcome the problem of scarcity, countries with few natural resources need to concentrate on the quality of human resources.

Which set of policies would be most appropriate?

Options

natural resources policyhuman resources policy
Adevelop renewable energy suppliesimprove education and training
Bplan the allocation of resourcesdiscourage automation
Cprotect land resourcesprotect jobs in manufacturing
Drestrict imports of raw materialsrestrict influx of skilled migrants

The rest of this paper

29 more questions
  • Q2Economic Methodology1M
  • Q3Production Possibility Curves1M
  • Q4(Legacy) - Money1M
  • Q5Demand and Supply1M
  • Q6Elasticities of Demand1M
  • Q7Elasticities of Demand1M
  • Q8Price Elasticity of Supply1M
  • Q9Demand and Supply · Market Equilibrium and the Price Mechanism1M
  • Q10Demand and Supply1M
  • Q11Market Equilibrium and the Price Mechanism1M
  • Q12Consumer and Producer Surplus1M
  • Q13Consumer and Producer Surplus1M
  • Q14Methods of Government Intervention in Markets1M
  • Q15Methods of Government Intervention in Markets1M
  • Q16Methods of Government Intervention in Markets1M
  • Q17Fiscal Policy1M
  • Q18Methods of Government Intervention in Markets1M
  • Q19Aggregate Demand and Aggregate Supply1M
  • Q20Price Stability1M
  • Q21Balance of Payments1M
  • Q22Exchange Rates1M
  • Q23Exchange Rates1M
  • Q24International Trade and Comparative Advantage1M
  • Q25(Legacy) - Economic Integration1M
  • Q26International Trade and Comparative Advantage1M
  • Q27Demand and Supply1M
  • Q28Monetary Policy1M
  • Q29Balance of Payments · Fiscal Policy1M
  • Q30Aggregate Demand and Aggregate Supply1M
Loading the full paper…