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.
A country's central bank raised the rate of interest from 1% to 4% per year. How would this change have affected the amount saved and the cost of b...
Which factor would not increase the bargaining strength of a trade union to raise wages?
Which conditions are most likely to attract small firms to enter a market?
The diagram shows a firm's total cost (TC) curve. [Figure 15.1] What is the average variable cost if the firm produces 10 units of output?
What is an example of a government macroeconomic aim?
Government policy measures can affect economic activity in a country. Which pair of monetary policy measures would be likely to increase employment?
What would be most likely to encourage saving?
The government of a country operating at full employment increases its spending on education and training. How does this affect the likelihood of a...
A government has introduced a tax on a necessity. Producers have passed on a large proportion of this tax to consumers in the form of higher prices...
What is most likely to lead to an increase in structural unemployment in a country?
Which citizens are most likely to benefit in a period of rapid inflation?
Which statement is correct about the Human Development Index (HDI) and real GDP?
Other things being equal, what will cause a population both to increase and to age?
Which change would be unlikely to be found in a country as it develops?
It is cheaper for developed economies to buy some cereals from developing economies than to produce them domestically. What might reduce internatio...
A country imposes a quota on imported cars. What is the most likely outcome of this action?
An Argentine product initially sells in the US for $50 when the exchange rate between the two countries is 5 pesos to 1 dollar. The exchange rate c...
Which policy measure is most likely to reduce the current account deficit of the balance of payments of an economy?
What is part of the economic definition of scarcity?
A country's production possibility curve (PPC) moves from PPC₁ to PPC₂. [Figure 2.1: Graph showing consumer goods on y-axis and capital goods on x-...
A government spends $100m on subsidising wind farm construction instead of spending it on an increase in healthcare. Which economic concept does th...
What is an example of a macroeconomic indicator?
Good X is demanded in two areas, Y and Z. The table shows the amount of X demanded in these areas at different prices. [Table showing 'price of goo...
Which price elasticity of demand (PED) would cause an increase in total revenue if the price of the good increased?
The diagram shows the supply curve for coffee. [Figure 7.1: Graph showing price on y-axis and quantity on x-axis, with an upward sloping supply cur...
What might be an external benefit of an increase in the number of university graduates in an economy?
The price of a good increases. What could cause this?
Imposing a maximum price for a good is an example of which type of government policy?
Savers suffer as inflation rises to 4.4%. Which function of money is most involved in this statement?
Which trade union activity will be beneficial for firms?
What is not a variable cost of production?
What is a definition of a firm's revenue?
What could cause internal diseconomies of scale for a firm?
A government decides to leave direct taxes unchanged but to increase indirect taxes. What is this policy intended to achieve?
What is the most likely reason to increase government subsidies?
The government of country Z announces an increase in spending on work-place training. What is the effect of this supply-side policy likely to be?
The table shows real GDP in US$ billion for a country over a three-year period. [Table showing 'year' vs 'real GDP US$ billion'. Data: year 1 (205)...
What is a likely consequence of a falling level of unemployment?
The diagrams show Italy's unemployment rate and GDP per head. [Figure 23.1: Two line graphs. Left graph shows 'Italy's unemployment rate (%)' from ...
During a recession, many people in a city become unemployed and their incomes fall. Some people can no longer pay the rent on their houses or buy t...
The Peruvian government set itself the target of reducing the number of its population in poverty. What change does not indicate that the Peruvian ...
The table shows a country's exports and imports. [Table showing $m figures for 'exports of goods' (200), 'imports of goods' (190), 'exports of serv...
Country X exports steel to country Y at a price below its cost of production. This has led to a fall in demand for steel produced in country Y. Wha...
What would increase the demand for a country's currency on the foreign exchange market?
Country X has a persistent deficit on the current account of the balance payments. Which policy measure is most likely to improve this situation?
Read the source material carefully before answering Question 1. Source material: Is there a future for Australian coal? Australia fact file ...
Living standards, including education, have improved for most people in South Africa in recent years. Most households have more money and the gover...
Germany's death rate is higher than some other countries, including Sweden, Cuba and the Maldives. Germany's labour force increased in size between...
Many people from the Philippines work in another country, often in industries that provide merit goods and public goods. In 2020, the Philippine go...
In Greece, rich households spend more than the average household. The amount of spending in an economy influences whether its production point is o...