Economics 9708/12 — February/March 2018
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 · Market Equilibrium and the Price Mechanism · Classification of Goods and Services · Consumer and Producer Surplus · Income and Wealth Inequality · Aggregate Demand and Aggregate Supply · +16 more
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Q11MEconomic MethodologyFree sample
Which statement about economics is not correct?
Options
A Economic actions can produce unexpected side effects.
B Economic thinking is usually based on logical reasoning at the margin.
C The use of scarce resources to produce a good always has a cost.
D The value of a good or service involves a purely objective judgement.
The rest of this paper
29 more questions- Q2Scarcity, Choice and Opportunity Cost1M
- Q3Production Possibility Curves1M
- Q4Reasons for Government Intervention in Markets · Classification of Goods and Services1M
- Q5Demand and Supply1M
- Q6Elasticities of Demand1M
- Q7Price Elasticity of Supply1M
- Q8Demand and Supply1M
- Q9Market Equilibrium and the Price Mechanism1M
- Q10Demand and Supply1M
- Q11Market Equilibrium and the Price Mechanism1M
- Q12Consumer and Producer Surplus1M
- Q13Consumer and Producer Surplus1M
- Q14Income and Wealth Inequality1M
- Q15Market Equilibrium and the Price Mechanism · Demand and Supply1M
- Q16Methods of Government Intervention in Markets · Market Equilibrium and the Price Mechanism1M
- Q17Income and Wealth Inequality1M
- Q18Classification of Goods and Services1M
- Q19Aggregate Demand and Aggregate Supply1M
- Q20Aggregate Demand and Aggregate Supply1M
- Q21Economic Growth1M
- Q22Price Stability1M
- Q23Protectionism · Balance of Payments1M
- Q24Exchange Rates · International Trade and Comparative Advantage1M
- Q25International Trade and Comparative Advantage1M
- Q26(Legacy) - Economic Integration1M
- Q27Protectionism1M
- Q28Fiscal Policy1M
- Q29Balance of Payments · Exchange Rates1M
- Q30Monetary Policy · Fiscal Policy1M
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