Economics 9708/12 — May/June 2018
Cambridge AS Level · AS Level Multiple Choice · answer key with instant marking and worked solutions
Topics Production Possibility Curves · Demand and Supply · Elasticities of Demand · Market Equilibrium and the Price Mechanism · Methods of Government Intervention in Markets · Price Stability · +14 more
Tap an option under each question to check it — your score builds as you go.
The statements refer to the proposal to build another runway at London’s Heathrow airport.
Which statement is normative?
Options
A Heathrow is the UK’s busiest airport and has more flights than any other European airport.
B The airport is highly competitive but there is spare capacity.
C The potential net benefit of expansion is around £5 billion over 70 years.
D We should concentrate on improving the use of existing capacity not build another runway.
The rest of this paper
29 more questions- Q2Production Possibility Curves1M
- Q3Production Possibility Curves1M
- Q4Classification of Goods and Services1M
- Q5Demand and Supply1M
- Q6Elasticities of Demand1M
- Q7Elasticities of Demand1M
- Q8Price Elasticity of Supply1M
- Q9Demand and Supply1M
- Q10Market Equilibrium and the Price Mechanism · Methods of Government Intervention in Markets1M
- Q11Demand and Supply1M
- Q12Market Equilibrium and the Price Mechanism1M
- Q13Consumer and Producer Surplus1M
- Q14Elasticities of Demand1M
- Q15Methods of Government Intervention in Markets1M
- Q16Income and Wealth Inequality1M
- Q17Market Equilibrium and the Price Mechanism1M
- Q18Methods of Government Intervention in Markets1M
- Q19Aggregate Demand and Aggregate Supply1M
- Q20Price Stability1M
- Q21National Income Statistics · Price Stability1M
- Q22Balance of Payments1M
- Q23Exchange Rates1M
- Q24International Trade and Comparative Advantage1M
- Q25Production Possibility Curves1M
- Q26(Legacy) - Economic Integration1M
- Q27Protectionism1M
- Q28Monetary Policy1M
- Q29Balance of Payments · Exchange Rates1M
- Q30Fiscal Policy · Monetary Policy1M