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.
Due to war, some people are living in absolute poverty. What is the main indicator of absolute poverty for these people?
Which country would be classified as the most developed based on the data in the table? [Figure 25.1]
Which protectionist measure would be most suitable for a government to use to support the growth in exports of an industry?
There has been an appreciation of the value of a country's currency against other currencies. What effects will this have on prices of imports of r...
What is a disadvantage of increased specialisation by a country?
The table shows components of Japan's current account balance in trillion Yen (¥) for 2011 and 2012. Which balance improved between 2011 and 2012? ...
Read the source material carefully before answering Question 1. Source material: Vietnam's growing population and economy Vietnam fact file GDP 201...
Japan has a low immigration rate and a declining population. In recent years, it has experienced deflation and a rise in child poverty. By 2017, on...
There is a smaller proportion of large firms in Africa than in Asia. The two African countries with the largest firms are Nigeria and South Africa....
Economists are uncertain about the future United States (US) macroeconomic performance. For instance, in recent years, US unemployment has fallen w...
Australian firms have been praised for introducing new technology. The actions of some of these firms, however, cause market failure. The Australia...
Read the source material carefully before answering Question 1. Source material: the challenges facing Pakistan Pakistan fact file | | 2016 $ bi...
Each question is introduced by stimulus material. In your answer you may refer to this material and/or to other examples that you have studied. Th...
A builder spends one hour travelling to and from work. He works 40 hours per week for $200. He is given a choice to work 50 hours a week for an ext...
A country's infrastructure was damaged by a natural disaster. Before the disaster, the country was producing at point Y on the production possibili...
What is included in microeconomics?
What is an economist's definition of a market?
What is an example of an external benefit from an individual cycling, rather than driving, to work?
A tailor has four customers for her range of suits. The table shows the yearly demand for the suits she makes. Which price should be charged to max...
In response to an increase in price from $5 per kilo to $6 per kilo, a farmer increased supply from 400 kilos to 500 kilos per week. What is the pr...
It is expected that consumers will use less paper money. What is the most likely reason for this?
In low-income countries, fewer girls than boys become skilled design engineers. What might explain this situation?
The diagram shows the demand for and supply of labour in an industry. The original equilibrium is X. A trade union then negotiates a wage rate of W...
A company mining cobalt, invests in machinery to replace some workers. Eventually diseconomies of scale occur. What could cause this situation?
Why are many hairdressers able to operate as small businesses?
Dimitry owns a firm that produces and sells bottles of lemonade. He only sells one size of bottle. How would Dimitry calculate the total revenue of...
Which market is likely to be the most competitive?
An economy has a high rate of inflation. In response to this, its government increases income tax. What is the most likely reason for this increase?
Interest rates are sometimes raised to control inflation. Why might this policy be effective?
A government's revenue grew 8% to $3.25 trillion. Its expenditure was reduced to $3.69 trillion. What can be concluded from this?
A country's inflation rate, measured by the Consumer Prices Index (CPI), was 3% in year 1. Three years later it was 0.8%. What can be concluded fro...
What will deflation most likely lead to?
Economic growth can be defined as
The table compares the distribution of employment in selected industries in two years. How did the distribution of employment change between year 1...
In a year, two changes occurred in a company. Company directors' salaries increased by 15%. Office workers' wages increased by 5%. The rate of infl...
The diagrams show birth rate (BR) and death rate (DR) in three countries, X, Y and Z, in two years, 1 and 2. There was no migration. Where was ther...
The richest 60% of the population of a high-income economy received an increase in income. The income of the rest of the population did not change....
Gross Domestic Product (GDP) is a better measure of comparative living standards when it is adjusted for the effects of
What is a disadvantage of increasing international specialisation?
Which method of protection always reduces the supply of an imported good to zero?
A US car dealer agrees an import price of US$25000 for a Japanese car at the current rate of exchange. The US dollar then strengthens by 10% agains...
A country has a deficit on its current account of its balance of payments. What could increase the size of its deficit?
What is an advantage of competitive markets?
A multinational company (MNC) wishes to invest in a low-income country to expand its palm oil production. What is most likely to make this investme...
A farmer sells land used for crops to a firm that will use the land for wind turbines to produce electric power. What is the opportunity cost of th...
What is not included in microeconomics?
What determines a consumer's demand for a product? [Table 5]
Which problem will be reduced by a government subsidy to a firm?
The diagram shows the market for information technology (IT) graduates. The original equilibrium was X. Later, more IT students graduated from univ...
What might cause consumers in a high-income economy to both save more and spend more?