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.
Read the source material carefully before answering Question 1. Source material: How will oil change Guyana? Guyana fact file 2020 Population 79000...
In 2020, the largest Thai commercial bank merged with a smaller commercial Thai bank. It was expected that the merger would affect the price charge...
Canada's private sector firms have a number of different objectives. The quantity and quality of land used by these firms, including farms, has inc...
In 2020, Australia had a high national minimum wage (NMW). The NMW is received by some people who work on Australian dairy farms. Australia produce...
In 2019, China's economic growth rate was 6.1% and Chinese households increased their spending. More Chinese people attended sports events and the ...
What is a free good?
A firm is deciding whether to produce good X or good Y for the next five years. The predicted revenue for good X is $20000 per year and for good Y ...
The diagram shows a production possibility curve (PPC) for an economy. [Diagram of PPC with good Y on y-axis, good X on x-axis, points M and N on t...
What is not held constant when drawing a demand curve for a good or service?
The diagram shows a shift in the supply curve for New Zealand's airlines from S₁ to S₂. [Diagram of a supply curve shifting right from S1 to S2] Wh...
What could cause the price of tea to increase?
A firm changes the price of its product and finds that its revenue increases. Which combination of price change and price elasticity of demand woul...
What could not occur in a market economic system?
What is a correct definition of a demerit good?
Within the same firm, one employee is paid a higher wage than another employee. Which reason for the difference in their wage could be considered d...
The diagram shows the demand and supply curve of labour for a firm. The initial wage rate is given by W₀ and the equilibrium quantity of labour emp...
A farmer introduces machinery to help workers at harvest time. The farmer also reduces the number of workers by 50%. As a result, the total harvest...
A firm has fixed costs of 20 and the following total variable costs. output,total variable costs () 10,40 20,60 30,80 40,100 What happens to averag...
The table shows the costs and output of a firm. total cost,10000 total variable cost,8000 quantity,10 What is the average fixed cost of the firm?
A clothing manufacturer expands by taking over a clothing retailer. Which type of merger is this?
What is likely to happen if a previously competitive market becomes a monopoly?
Which macroeconomic aim, if achieved, is most likely to increase a government budget surplus?
The table shows the income tax rate paid by workers at different levels of income in selected years for a developed economy. income band ($),tax ra...
A government attempts to raise economic growth with a policy of reduced interest rates. Which other government objective is most likely to be helpe...
What is the definition of a supply-side policy?
Subsistence farming is the practice of growing crops and raising livestock sufficient only for one's own use without any surplus for trade. Why is ...
What is necessary for a worker to be classified as unemployed?
What is most likely to increase when the rate of inflation gradually changes from 2% to 8% in one year?
The introduction of a minimum hourly wage in an industry aims to reduce poverty among low-paid workers. What is an advantage to workers of an effec...
The chart shows the population pyramid for a country. [Population pyramid diagram with age groups, female/male, population/millions] What is most l...
The table shows information on four countries. Which country is likely to be the most developed?
What is an advantage to a firm of specialisation at a national level?
What is an intended outcome of protecting infant industries from free trade?
In the diagram, curves D₁ and S₁ relate to the demand and supply of the US dollar ($) against the Chinese yuan. [Diagram of foreign exchange market...
Brazil had a balance of payments current account deficit of US$23.5 billion. Which policy is most likely to reduce the current account deficit in B...
Why will scarcity always exist?
A student decides to take up a two-year apprenticeship for which she will earn $10000 per year. After that, she expects to earn $25 000 per year. S...
The diagram shows a country's production possibility curve (PPC). [Diagram of PPC with points P, R, U, S, V, Q]. Which current combination of capit...
What is not a macroeconomic topic?
What is likely to cause an extension in demand for a firm's fruit drink?
Supermarkets sell petrol (gas) outside their stores. They reduce the price of petrol below other suppliers to attract more customers to buy goods i...
Which statement describes a market in disequilibrium?
In response to an increase in price from $5 per kg to $6 per kg, a farmer increased supply from 400 kg to 500 kg per week. What is the price elasti...
Which government measure is most likely to cause a fall both in price and in quantity traded?
The diagrams show the wage rates of cleaners (OWc) and nurses (OWn). [Diagram of wage rates for cleaners and nurses]. What is the result if a natio...
What would cause a decrease in spending by households in a country?
Which combination shows the advantages of a small firm over a larger firm?
What is a variable cost for a firm?
The table shows the daily average revenue and units of output sold for a firm producing bicycles over a five day period. [Table showing day, averag...
Which function of money acts as a measure of value?