Cambridge & Pearson Edexcel Past Paper Questions
Browse 35,704 questions from Cambridge O-Level & A-Level and Pearson Edexcel IGCSE & IAL exams. Click any question to practice.
The diagram shows the fixed costs, variable costs and total costs of a firm. Which distance represents the firm's fixed costs? [Figure 14.1]
An entrepreneur buys a workshop for $200000 to make plastic boxes. In the first year of operation he spends $70000 on materials, employs ten produc...
A government increases the rate of income tax in order to pay for extra transfer payments, including cash benefits to the poor. What must occur as ...
The standard rate for Value Added Tax (sales tax) is 20% in a country. Different consumers buying the same product have to pay the same amount of t...
The diagram shows the demand curve D₁ and supply curve S₁ for a good. The government introduces a subsidy to encourage production. What will be the...
Which statement about interest rate changes is accurate?
In Uganda, the rate of inflation fell from 5% in 2014 to 2% in 2015. Which conclusion can be drawn from this information?
What would not increase the Human Development Index (HDI) of a country?
A country is experiencing a period of full employment. What is most likely to lead to an increase in demand-pull inflation?
The table shows the percentage change from 2015–2016 in gross domestic product (GDP) and consumer prices for selected countries. country GDP consum...
Which policy is most likely to reduce relative poverty?
Given the following information, which country is most likely to have the highest standard of living? birth death life infant country rate rate exp...
In a country the birth rate increased but the population decreased. What could have happened to other factors to cause this?
The US government decides to reduce the size of the quota on a good it buys from China. What is likely to happen?
What is the most accurate definition of a foreign exchange rate?
In 2013, the European Union (EU) levied a 48% tariff on low-priced Chinese solar panels because the low price was the result of subsidies from the ...
A large amount of the agricultural products in a country were damaged by floods. What is likely to have happened to the price of agricultural produ...
A government wishes to increase agricultural output. It gives farmers the tools to irrigate the farmers' fields. Which factors of production are pr...
The diagram shows a production possibility curve (PPC) for an economy that produces both capital goods and consumer goods. At which point will the ...
Cuba is implementing free market reforms. What is a likely advantage of this?
An airline upgrades its services by providing bigger aircraft. The airline claims it will reduce catering waste and lower carbon (CO2) emissions pe...
What can be concluded from the demand curve for the product shown in the diagram? [Diagram]
A mobile (cell) phone operator increases the price of making calls on its network. After the price increase, the revenue of the mobile phone operat...
Why does specialisation increase the productivity of employees?
In recent years some central banks have reduced interest rates below 1% per year. What is the purpose of this monetary policy?
The table shows the change in real incomes for a number of occupations between 1985 and 2015. What can be concluded from the table?
What is the main difference between capital-intensive production and labour-intensive production?
What is the definition of diseconomies of scale?
What is most likely to cause a rise in the rate of inflation in an economy?
The government increases taxation in order to fund an increase in spending on government training schemes. Which policy combination would this invo...
The diagram shows the effect of the imposition of a tax on a product. Which area represents the part of the tax paid by consumers of the product? [...
Why might a government decide to subsidise a high-cost steel industry?
The table shows possible sequences between the rate of interest and other economic variables. Which sequence is the most likely?
Why is the Human Development Index (HDI) a better measure of living standards than GDP per head?
What describes frictional unemployment?
In January 2016 the rate of inflation in a country changed from 3% to 2%. In March 2016 the rate of inflation was 4%. What happened to the price le...
What usually happens as a developing country becomes more developed?
The world demand for oil is price-inelastic and oil is paid for in US dollars. If the price of oil falls rapidly, how might it affect the exchange ...
What is the most likely disadvantage of international specialisation?
Universal basic income (UBI) UBI is a scheme where a government provides everyone with a payment, regardless of their circumstances. Such a scheme ...
The Saudi Arabian government is encouraging the growth of the private sector. It is a low-cost oil producer, but its exports to South Africa have f...
In February 2017, Europe experienced a shortage of fresh vegetables due to bad weather. For a period of time, the markets for a number of vegetable...
Changes in the supply of enterprise result in the development of new firms. In 2016, a theme park in Hong Kong made a loss with visitor numbers fal...
In February 2017, China's central bank raised the rate of interest. It wanted to reduce borrowing and the growth of the money supply, but it was wo...
A number of book publishers operate in Pakistan. These include multinational companies (MNCs). They employ a range of specialist workers. A number ...
It was predicted that global unemployment would rise by over two million in 2017. Unemployment rates, however, vary between countries. Some governm...
At the start of February 2017, the Japanese government introduced its 'Premium Friday' scheme. This encourages employers to allow their workers to ...
The markets for cars and tyres are closely related. The five largest tyre firms used to make 66% of all tyres. The entry of more than 250 Chinese f...
There was a global surplus of steel in 2017. In mid-2017, the US government considered imposing tariffs on steel imports to protect its declining s...
In March 2017, Peru was hit by floods and the strongest winds in decades. Roads, bridges, houses and capital goods were destroyed. It is expected t...