9708/12

Economics 9708/12May/June 2023

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

30
questions
30
marks
60
minutes

Topics Market Equilibrium and the Price Mechanism · Elasticities of Demand · Demand and Supply · Balance of Payments · Price Stability · Factors of Production · +14 more

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

Q11MFactors of ProductionFree sample

Which factor of production is needed first in order to set up a new business?

Options

A   capital
B   enterprise
C   labour
D   land

The rest of this paper

29 more questions
  • Q2Production Possibility Curves1M
  • Q3Economic Systems1M
  • Q4Factors of Production1M
  • Q5Market Equilibrium and the Price Mechanism1M
  • Q6Market Equilibrium and the Price Mechanism1M
  • Q7Scarcity, Choice and Opportunity Cost1M
  • Q8Elasticities of Demand1M
  • Q9Demand and Supply1M
  • Q10Demand and Supply · Methods of Government Intervention in Markets1M
  • Q11Price Elasticity of Supply1M
  • Q12Demand and Supply1M
  • Q13Market Equilibrium and the Price Mechanism1M
  • Q14Elasticities of Demand1M
  • Q15Elasticities of Demand1M
  • Q16Classification of Goods and Services · Methods of Government Intervention in Markets1M
  • Q17Balance of Payments1M
  • Q18Aggregate Demand and Aggregate Supply1M
  • Q19Aggregate Demand and Aggregate Supply1M
  • Q20National Income Statistics · Price Stability1M
  • Q21The Circular Flow of Income1M
  • Q22Unemployment1M
  • Q23Balance of Payments1M
  • Q24Price Stability1M
  • Q25International Trade and Comparative Advantage1M
  • Q26Production Possibility Curves1M
  • Q27Monetary Policy1M
  • Q28Balance of Payments1M
  • Q29Supply-Side Policy · Price Stability1M
  • Q30Economic Growth1M
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