1. Division of Labour and Cost Efficiency – Analysis of how specialization in smartphone production impacts costs and efficiency.

2. Functions of Money in Specialization – Explanation of how money facilitates trade and specialization in manufacturing.

3. External Benefits and Market Intervention – Identification of external benefits and government measures to achieve social optimum consumption.

4. Price Elasticity of Demand and Consumer Behavior – Calculation of demand changes based on price elasticity and impact on total revenue.

5. Government Housing Schemes and Market Effects – Assessment of the Help to Buy scheme’s influence on rental markets and housing affordability.

6. Price Mechanism in Housing Allocation – Discussion on the role of market forces in determining housing supply and demand.