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.
Moldova is Europe's poorest economy with many of its people living in poverty. It is mainly an agricultural economy with many small farms. Its shop...
In a mixed economic system, such as Portugal's, the government intervenes in the economy. Reasons for government intervention include to correct ma...
The price elasticity of demand (PED) for sugar in most countries is less than 1. In 2017, the price of sugar fell. However, the price of specialise...
What is an example of the purchase of a consumer good?
What is the function of the factors of production in an economy?
The diagram shows a production possibility curve (PPC) for an economy that can produce cotton and cars. The economy is at point Q. There is improve...
Which topic is included in microeconomics?
What aspect of demerit goods means they are overproduced?
The diagram shows market demand and supply curves. To what extent is the market in disequilibrium at price P3? [Figure 6.1]
Lithium is an essential metal for the production of electric cars. Following a 10% increase in the price of lithium, supplies increase by 15%. This...
The wage of labour in a firm increases. What is the most likely effect on the production process?
Which combination of influences would increase the level of borrowing by a household? [Figure 9.1]
The graph shows women's wages as a percentage of men's wages in year 1 and year 2. Which statement is shown by the graph to be true? [Figure 10.1]
People's income decreases. How is the proportion spent on food and leisure likely to change? [Figure 11.1]
The table shows total fixed and total variable costs at different levels of output for a firm. At which level of output is average total cost lowes...
The following information refers to a firm producing shoes. At which level of output does the firm maximise profits? [Figure 13.1]
What is most likely to lead to an improvement in labour productivity in an industry?
How is a government most likely to prevent the growth of monopolies?
What is not included in public expenditure?
When is the budget described as balanced?
The government wishes to increase economic growth in its economy. What would not be likely to achieve this aim?
The government redistributes income more evenly. What is most likely to increase?
The table shows selected indicators for the labour market of an economy in 2014 and 2018. According to the table, what is the most likely type of u...
What may directly cause economic growth?
What would not be required in the construction of an index of consumer prices?
The table gives information about three economic indicators in four countries. What may be concluded from this information? [Figure 23.1]
What distinguishes a more developed country from a less developed country?
An additional 700 000 UK children and pensioners fell into relative poverty between 2013 and 2017. What might be the reason for this?
Which changes usually result when a country develops and is able to provide free healthcare and good living conditions? [Figure 26.1]
What is a quota in international trade?
Many low-income countries rely on exports of raw materials such as coffee or iron ore to earn them foreign currency. What is a disadvantage of this?
What is included as part of the current account of the balance of payments?
The table shows components of Japan’s current account balance in trillion Yen (¥) for 2011 and 2012. Which balance improved between 2011 and 2012? ...
In 2016, 20 billion barrels of oil and 1.6 billion barrels of natural gas were discovered in Texas, US. Which factor of production has increased in...
The diagram shows a production possibility curve (PPC). Which of these points shows the largest possible output of product Y currently achievable? ...
A student decides to take up a two year apprenticeship for which she will earn $10000 per year. After that she expects to earn $25000 per year. She...
Microeconomics analyses choices in various situations. Which area of economic study does it not include?
What is a cause of market failure?
The diagrams show the supply curve for an individual grower of tomatoes and for the total market supply of tomatoes. What explains the similarity o...
The price of bread rose by 5% and the quantity demanded fell by 4%. What was the price elasticity of demand for bread?
Saudi Arabia specialises in oil extraction and refining. This is a capital-intensive industry with highly skilled labour. What might be a disadvant...
What would most likely cause a person to increase their savings?
People's income decreases. How is the proportion spent on food and leisure likely to change?
The table shows total fixed and total variable costs at different levels of output for a firm. What happens as output rises? [Figure 12.1]
Which statement proves there has been an increase in productivity for a factory making tractors?
When do economies of scale take place?
A government increased revenue by increasing taxes on firms. Which tax did it increase?
Why are governments responsible for the defence of the country?
Information about job vacancies on a government website has led to a decrease in short-term unemployment. What is the term for this type of unemplo...
The table shows figures for the real GDP of a country. A quarter is three months. During which quarters was the country experiencing a recession? [...