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 table shows some economic indicators. Which increase in the first indicator is most likely to lead to an increase in the second indicator? firs...
What is the definition of foreign exchange rate?
Which activity is correctly linked to the organisation that provides it? organisation: central bank, activity: regulate the rate of inflation organ...
Which topic is not included in microeconomics?
What is likely to cause an immediate decrease in the size of the labour force?
What is an example of a free good?
The diagram shows two production possibility curves for a country. [Figure] What might cause a shift from point K to point L in the country's produ...
Which relationship would be studied by an economist specialising in macroeconomics?
In recent years, a government has started to make more use of the free market system. However, they are doing it very slowly to avoid the disadvant...
What will cause the demand curve for a good to shift to the right?
In the diagram, which demand curve has perfectly elastic demand? [Figure]
The table shows the demand and supply schedules for rice. The current price is $2.00 per kilo. [Table] What will happen if the price is reduced to ...
The diagram shows the fixed costs, variable costs and total costs of a firm at output S. [Figure] Which distance represents the firm's variable costs?
What could cause profits to be high in a monopoly market?
Which firm is most likely to be classified as a small firm in the tertiary sector?
Germany is considered a capital-intensive economy while Indonesia is considered a labour-intensive economy. What does this mean about the economies...
A bank continues to operate loss-making branches. Which objective is the bank trying to achieve?
The table shows how three people, X, Y and Z, spend their income. [Table] What is the likely order of income, from lowest income to highest income,...
Which activity is correctly linked to the organisation that provides it? [Table]
The chart shows a government's spending in a year. [Chart] What was the total government spending on public goods?
A government levies a specific tax on the supply of cigarettes. At the same time it starts a campaign to explain the health risks of smoking cigare...
A government wishes to pursue an expansionary monetary policy. What should it do?
A government introduces a series of economic measures. What is a supply-side policy measure?
What is identified as economic growth?
The retail trade in a country has unemployed workers in one region and job vacancies in another region. What could explain this?
A country wishes to reduce the level of inflation. Which combination of policy measures will be most successful? [Table]
A government wants to reduce both its budget deficit and the amount of poverty in its country. Which fiscal policy measure is most likely to achiev...
The price of a currency in a fixed exchange rate system is reduced. What is this called?
What is most likely to result from a reduction in the value of a country's currency if there are no other changes in the economy?
Read the source material carefully before answering Question 1. Source material: Cyprus Cyprus fact file | | 2015 | 2019 | |---|---|---| | Life exp...
Australia's foreign exchange rate fluctuates. The value of Australia's exports is regularly greater than the value of its imports. Australia is Pap...
Trade union membership is much higher in Sweden than in most countries. In 2019, 70% of Swedish workers were members of a trade union. More than 85...
Uganda specialises in agricultural products and has a relatively small secondary sector. In the 1990s, the Ugandan government privatised most of it...
Singapore is a high-income country with a shortage of land and labour. Singapore is often given as an example of a market economy. The Singaporean ...
Read the source material carefully before answering Question 1. Source material: Happiness Bhutan fact file 2018 Population 0.8m GDP per head $3250...
There was a significant increase in the money supply in Angola in 2019. The National Bank of Angola was concerned that this would keep inflation ab...
In 2019, France produced inside its production possibility curve (PPC). France exports a wide range of its products. It is the world's top exporter...
The South Korean government thinks that Japan is dumping steel. South Korean firms trade with, and produce in, other countries. Some South Korean m...
Nicaragua experienced a 4% decrease in GDP in 2019, although household spending rose. One Nicaraguan product that increased in supply was bananas, ...
What is the cause of scarcity in an economy?
What does a point on a production possibility curve for an economy represent?
What is most likely to increase enterprise as a factor of production in an economy?
Which economic activity would be classified as macroeconomics?
The diagram shows the effect of a decrease in price on the demand for a product. [Figure 5.1] What does the arrow on the diagram illustrate?
What is the correct formula to calculate price elasticity of supply?
What is the most likely cause of a product having a price elasticity of demand greater than one?
For some illnesses, wearing a face mask has a benefit as it could prevent people from getting infected. Not all people are willing to wear face mas...
What would bring about a movement upwards along the supply curve for rice?
A government decides to reduce air pollution in city centres by giving financial assistance to bus companies, reducing their costs of production an...
What would be least likely to act as a store of value during a period of rapid inflation?