Cambridge International AS & A Level Cambridge International AS & A Level
ECONOMICS 9708/12
ECONOMICS 9708/12 Paper 1 AS Level Multiple Choice February/March 2026
Paper 1 AS Level Multiple Choice February/March 2026 MARK SCHEME
1 hour Maximum Mark: 30
You must answer on the multiple choice answer sheet.
You will need: Multiple choice answer sheet Published
*
Soft clean eraser
Soft pencil (type B or HB is recommended)
INSTRUCTIONS This mark scheme is published as an aid to teachers and candidates, to indicate the requirements of the
• There are thirty questions on this paper. Answer all questions. examination.
*
• For each question there are four possible answers A, B, C and D. Choose the one you consider correct Mark schemes should be read in conjunction with the question paper and the Principal Examiner Report for
and record your choice in soft pencil on the multiple choice answer sheet.
Teachers.
• Follow the instructions on the multiple choice answer sheet.
• Write in soft pencil. Cambridge International will not enter into discussions about these mark schemes.
• Write your name, centre number and candidate number on the multiple choice answer sheet in the
spaces provided unless this has been done for you. Cambridge International is publishing the mark schemes for the February/March 2026 series for most
Cambridge IGCSE, Cambridge International A and AS Level components, and some Cambridge O Level
• Do not use correction fluid or tape. components.
• Do not write on any bar codes.
• You may use a calculator.
INFORMATION
• The total mark for this paper is 30.
• Each correct answer will score one mark.
• Any rough working should be done on this question paper.
This document consists of 3 printed pages.
This document has 12 pages. Any blank pages are indicated.
Cambridge University Press & Assessment 2026 [Turn over
03_9708_12_2026_1.12
Cambridge University Press & Assessment 2026 [Turn over
, 2 9708/12 Cambridge International AS & A Level ± Mark Scheme February/March 2026
PUBLISHED
1 What is not a reward to a factor of production? Question Answer Marks
A interest 1 C 1
B rent 2 D 1
C transfer payments 3 C 1
D wages 4 D 1
5 A 1
2 A worker in a furniture factory currently works 10 hours a day. In the diagram, WX is the worker’s
initial production possibility curve (PPC). 6 D 1
7 C 1
Changes in the factory cause the worker’s PPC to shift to YZ.
8 B 1
10 W 9 B 1
8 10 D 1
Y
tables 11 C 1
per day
12 C 1
13 A 1
X Z
0 14 D 1
0 20 24
chairs per day 15 C 1
16 B 1
What will be the worker’s hours per day and productivity as a result of the changes in the furniture
factory, assuming the worker is on the new PPC? 17 B 1
18 D 1
worker’s
hours per worker’s productivity 19 A 1
day
20 A 1
tables chairs
per hour per hour 21 B 1
22 C 1
A 10 1.0 2.4
23 B 1
B 10 0.8 2.0
C 8 0.8 3.0 24 A 1
D 8 1.0 3.0 25 B 1
26 B 1
27 C 1
28 B 1
Cambridge University Press & Assessment 2026 Page 2 of 3
Cambridge University Press & Assessment 2026 03_9708_12_2026_1.12
ECONOMICS 9708/12
ECONOMICS 9708/12 Paper 1 AS Level Multiple Choice February/March 2026
Paper 1 AS Level Multiple Choice February/March 2026 MARK SCHEME
1 hour Maximum Mark: 30
You must answer on the multiple choice answer sheet.
You will need: Multiple choice answer sheet Published
*
Soft clean eraser
Soft pencil (type B or HB is recommended)
INSTRUCTIONS This mark scheme is published as an aid to teachers and candidates, to indicate the requirements of the
• There are thirty questions on this paper. Answer all questions. examination.
*
• For each question there are four possible answers A, B, C and D. Choose the one you consider correct Mark schemes should be read in conjunction with the question paper and the Principal Examiner Report for
and record your choice in soft pencil on the multiple choice answer sheet.
Teachers.
• Follow the instructions on the multiple choice answer sheet.
• Write in soft pencil. Cambridge International will not enter into discussions about these mark schemes.
• Write your name, centre number and candidate number on the multiple choice answer sheet in the
spaces provided unless this has been done for you. Cambridge International is publishing the mark schemes for the February/March 2026 series for most
Cambridge IGCSE, Cambridge International A and AS Level components, and some Cambridge O Level
• Do not use correction fluid or tape. components.
• Do not write on any bar codes.
• You may use a calculator.
INFORMATION
• The total mark for this paper is 30.
• Each correct answer will score one mark.
• Any rough working should be done on this question paper.
This document consists of 3 printed pages.
This document has 12 pages. Any blank pages are indicated.
Cambridge University Press & Assessment 2026 [Turn over
03_9708_12_2026_1.12
Cambridge University Press & Assessment 2026 [Turn over
, 2 9708/12 Cambridge International AS & A Level ± Mark Scheme February/March 2026
PUBLISHED
1 What is not a reward to a factor of production? Question Answer Marks
A interest 1 C 1
B rent 2 D 1
C transfer payments 3 C 1
D wages 4 D 1
5 A 1
2 A worker in a furniture factory currently works 10 hours a day. In the diagram, WX is the worker’s
initial production possibility curve (PPC). 6 D 1
7 C 1
Changes in the factory cause the worker’s PPC to shift to YZ.
8 B 1
10 W 9 B 1
8 10 D 1
Y
tables 11 C 1
per day
12 C 1
13 A 1
X Z
0 14 D 1
0 20 24
chairs per day 15 C 1
16 B 1
What will be the worker’s hours per day and productivity as a result of the changes in the furniture
factory, assuming the worker is on the new PPC? 17 B 1
18 D 1
worker’s
hours per worker’s productivity 19 A 1
day
20 A 1
tables chairs
per hour per hour 21 B 1
22 C 1
A 10 1.0 2.4
23 B 1
B 10 0.8 2.0
C 8 0.8 3.0 24 A 1
D 8 1.0 3.0 25 B 1
26 B 1
27 C 1
28 B 1
Cambridge University Press & Assessment 2026 Page 2 of 3
Cambridge University Press & Assessment 2026 03_9708_12_2026_1.12
