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.
What would be a disadvantage of specialisation for a worker?
The diagram shows a market for labour. X is the original equilibrium. A trade union negotiates a minimum wage at W, and the government restricts th...
Which cost of production falls continuously as output increases?
A Swedish furniture maker bought a Romanian firm that owned 83000 hectares of trees. Which type of merger is this most likely to be?
What is calculated when price is multiplied by the quantity demanded of a product?
A private sector firm is the only supplier of rail services between two cities. What will stop the firm charging very high ticket prices?
What is a fiscal policy measure?
A government uses expansionary monetary policy. What does the government decrease?
A country is experiencing unemployment. It has a progressive income tax policy and benefits for the poor. The government aims to increase employmen...
The table shows changes in the Consumer Prices Index (CPI) from the base year, 1, and for the next three years. [Table 19] Which statement is correct?
What is likely to happen when a country is experiencing deflation?
The table compares the distribution of employment in selected industries in two years. [Table 22a] How did the distribution of employment change be...
What is the most likely benefit for a low-income economy if it removes tariffs on imported goods and services?
Economies have become increasingly linked through globalisation. What would discourage this?
What may result from a balance of payments trade surplus?
Section A Read the source material carefully before answering Question 1. Source material: changes in the Nigerian economy Nigeria fact file | | 2...
There is an area of rubbish, three times the size of France, floating in the Pacific Ocean called the Great Pacific Garbage Patch. It is made up of...
In 2018, the US had its lowest unemployment rate for 18 years. Cyclical unemployment was very low and so was the rate of inflation. The US also exp...
The Canadian government has introduced a number of policy measures designed to encourage more women to enter the labour force. Canada's labour forc...
Australia experienced a drought in 2018 which caused its agricultural output to fall. Australia's secondary and tertiary sectors performed better i...
Read the source material carefully before answering Question 1. Source material: Chilean cherries Content removed due to copyright restrictions. Pr...
Nearly one million people in Cairo, the capital city of Egypt, live in crowded, unhealthy housing. One reason why people lack basic necessities, in...
Consumers in Uruguay are eating more processed foods. Factors of production, including enterprise, have responded to this change. Firms in the proc...
Turkey's birth rate is falling which is likely to reduce its supply of labour. However, improvements in the quality of labour and the increase in f...
The money supply in Bangladesh increased every year from 2010 to 2018. Changes in the money supply and the foreign exchange rate can affect a gover...
A government uses different supply-side policy measures to improve economic performance. Which policy measure would not satisfy one of the governme...
What could cause an increase in demand for a factor of production?
Which components, in addition to Gross Domestic Product (GDP) per head, are included in the Human Development Index (HDI)?
The US government introduces tariffs on steel imported from China. This increases the price of imported Chinese steel. Whose income would be likely...
A government retrains unemployed industrial workers to increase employment opportunities. The policy may have adverse effects on other government m...
The diagram shows the demand and supply for apples. To what extent is the market for apples in disequilibrium at a price of $2.50 per kilo? [Figure...
The diagram shows the fixed costs, variable costs and total costs of a firm at output S. Which distance represents the firm's variable costs? [Figu...
The table shows the world output of iron ore and the average yearly price for four years. year world output of iron ore (billion tonnes) average ye...
A firm has a high price elasticity of supply for its product. What does this indicate?
A manufacturer of medical supplies benefits from improved road links to its main markets. What benefit definitely occurs as a result?
Which row shows an essential characteristic of competitive markets and monopoly markets? competitive markets: many buyers, monopoly markets: single...
A student has nothing to do on a Friday evening. She withdraws $5 from the $100 she has in a savings account and buys a present to take to a party,...
The development of artificial intelligence in machines raises the productivity of capital. What will be the effect of this?
Which combination is necessary for the construction of a consumer prices index? a base year: yes, price stability: yes, weights: yes a base year: y...
A government removed the quota on goods imported into the country. What is the most likely result of this?
What is an advantage of a country having a market economic system with a large private sector?
What is an example of a fiscal policy measure?
Why would an increase in the interest rate potentially lead to lower inflation?
Which government action will not add directly to the quantity or quality of human resources?
What is a likely cause of economic growth?
An economy experiences a recession and moves from full employment to 5% unemployment. Which movement from X to Y on the PPC diagram shows the conse...
The table shows how three people, X, Y and Z, spend their income. What is the likely order of income, from lowest income to highest income, for the...
Why would standards of living fall when there is a recession?
What is the purpose of an economy's production possibility curve (PPC)?
The governments of low-income countries often allow foreign multinational companies (MNCs) to mine minerals in their country. Which conflict betwee...