Cambridge International AS & A Level Cambridge International AS & A Level
ECONOMICS 9708/14 ECONOMICS 9708/14
Paper 1 AS Level Multiple Choice May/June 2026 Paper 1 AS Level Multiple Choice May/June 2026
1 hour MARK SCHEME
Maximum Mark: 30
You must answer on the multiple choice answer sheet.
You will need: Multiple choice answer sheet
*
Soft clean eraser
Published
Soft pencil (type B or HB is recommended)
INSTRUCTIONS
• There are thirty questions on this paper. Answer all questions.
*
This mark scheme shows the correct answer to each question.
• For each question there are four possible answers A, B, C and D. Choose the one you consider correct
and record your choice in soft pencil on the multiple choice answer sheet. We cannot discuss the mark scheme with schools, and we recommend that schools read the mark scheme
• Follow the instructions on the multiple choice answer sheet. together with the question paper and the Principal Examiner Report for Teachers.
• Write in soft pencil.
• 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.
• Do not use correction fluid or tape.
• 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 has 12 pages. Any blank pages are indicated.
06_9708_14_2026_1.11 This document consists of 3 printed pages.
Cambridge University Press & Assessment 2026 [Turn over
Cambridge University Press & Assessment 2026 [Turn over
, 2 9708/14 Cambridge International AS & A Level – Mark Scheme May/June 2026
PUBLISHED
1 Which statement describes the fundamental economic problem of scarcity?
Question Answer Marks
A There are limited resources and unlimited wants. 1 A 1
B There are limited resources and limited wants.
2 C 1
C There are unlimited resources and limited wants.
3 C 1
D There are unlimited resources and unlimited wants.
4 B 1
2 Which combination correctly describes the characteristics of a free good? 5 B 1
6 D 1
opportunity
supply of a
free good
cost of a 7 D 1
free good
8 C 1
A limited no
9 A 1
B limited yes
10 A 1
C unlimited no
D unlimited yes 11 C 1
12 A 1
3 What is not a reward to a factor of production? 13 C 1
A interest 14 D 1
B rent 15 C 1
C tax 16 D 1
D wages 17 A 1
18 C 1
19 A 1
20 B 1
21 D 1
22 D 1
23 A 1
24 B 1
25 B 1
26 A 1
27 B 1
28 B 1
Cambridge University Press & Assessment 2026 06_9708_14_2026_1.11
Cambridge University Press & Assessment 2026 Page 2 of 3
ECONOMICS 9708/14 ECONOMICS 9708/14
Paper 1 AS Level Multiple Choice May/June 2026 Paper 1 AS Level Multiple Choice May/June 2026
1 hour MARK SCHEME
Maximum Mark: 30
You must answer on the multiple choice answer sheet.
You will need: Multiple choice answer sheet
*
Soft clean eraser
Published
Soft pencil (type B or HB is recommended)
INSTRUCTIONS
• There are thirty questions on this paper. Answer all questions.
*
This mark scheme shows the correct answer to each question.
• For each question there are four possible answers A, B, C and D. Choose the one you consider correct
and record your choice in soft pencil on the multiple choice answer sheet. We cannot discuss the mark scheme with schools, and we recommend that schools read the mark scheme
• Follow the instructions on the multiple choice answer sheet. together with the question paper and the Principal Examiner Report for Teachers.
• Write in soft pencil.
• 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.
• Do not use correction fluid or tape.
• 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 has 12 pages. Any blank pages are indicated.
06_9708_14_2026_1.11 This document consists of 3 printed pages.
Cambridge University Press & Assessment 2026 [Turn over
Cambridge University Press & Assessment 2026 [Turn over
, 2 9708/14 Cambridge International AS & A Level – Mark Scheme May/June 2026
PUBLISHED
1 Which statement describes the fundamental economic problem of scarcity?
Question Answer Marks
A There are limited resources and unlimited wants. 1 A 1
B There are limited resources and limited wants.
2 C 1
C There are unlimited resources and limited wants.
3 C 1
D There are unlimited resources and unlimited wants.
4 B 1
2 Which combination correctly describes the characteristics of a free good? 5 B 1
6 D 1
opportunity
supply of a
free good
cost of a 7 D 1
free good
8 C 1
A limited no
9 A 1
B limited yes
10 A 1
C unlimited no
D unlimited yes 11 C 1
12 A 1
3 What is not a reward to a factor of production? 13 C 1
A interest 14 D 1
B rent 15 C 1
C tax 16 D 1
D wages 17 A 1
18 C 1
19 A 1
20 B 1
21 D 1
22 D 1
23 A 1
24 B 1
25 B 1
26 A 1
27 B 1
28 B 1
Cambridge University Press & Assessment 2026 06_9708_14_2026_1.11
Cambridge University Press & Assessment 2026 Page 2 of 3
