Cambridge & Pearson Edexcel Past Paper Questions

What are the features of a highly competitive market when compared with a monopoly market?

What is not a role of central government in a mixed economy?

A government wishes to prevent deflation. Which combination of policies would be the most effective in achieving this aim?

The diagram shows the impact of a tax introduced on a product. [Diagram of supply and demand curves with a tax and points E, F, G, H, P1, P2, Q1, Q...

Which statement about supply-side policy is correct?

Which change is most likely to cause faster economic growth in the short run?

How is the pattern of employment likely to change when a country becomes more developed?

Which item is least likely to be included in the Consumer Prices Index (CPI)?

The table shows statistics for four countries A, B, C and D. According to the data provided, which country has the lowest standard of living? [Tabl...

Economic development in country X has progressed at a greater rate than in country Y. What is the most likely explanation of this difference in eco...

A rise in which factor would cause an increase in the population growth rate of a country?

The diagram shows the market for an imported good with equilibrium at point X. The country imposes a tariff on this good. Is the new equilibrium at...

The diagram shows the market for the Chinese yuan (¥) priced in US dollars ($). [Diagram of market for Chinese Yuan]. What could have caused the ch...

The table shows the average exchange rate of the UK pound (£) to the US dollar ($), that is the amount of $ that can be bought with £1. [Table show...

The table shows components of Japan's current account balance in trillion yen (¥) for 2 years. [Table showing year, balance of goods, balance of se...

Read the source material carefully before answering Question 1. Source material: What does the future hold for Nicaragua? Nicaragua fact file Po...

In recent years, the mobility of labour, the number of women in the labour force and GDP have increased in Bangladesh. In 2019, the central bank of...

Indonesia operates a mixed economic system. Indonesia's central bank, Bank Indonesia, aims for stable prices. The country's price level can be infl...

Healthcare is in the tertiary sector. Healthcare provides both private and external benefits. In 2019, there were five mergers between large US hea...

In 2020, the price of gold fell in Vietnam. That year, Vietnam was one of Asia's best performing economies. Unlike some Asian economies, Vietnam di...

In 2020, wages paid to Mexican workers, including those in the primary sector, fell. This fall contributed to a 9% rise in poverty in the country. ...

South America is a large geographical area with millions of microeconomic decision-makers. During a recent pandemic, schools stayed closed for long...

Tajikistan is one of Asia's low-income countries. Its currency, the somoni, has the key characteristics of money. More than one million Tajik peopl...

Free goods and economic goods are consumed in Poland. In 2020, demand for both economic goods and factors of production increased in Poland. For ex...

What is likely to increase the occupational mobility of labour?

Sonia owns a takeaway food delivery service. She decides to expand the firm, buying more vans and hiring additional drivers. Which factors of produ...

The diagram shows a production possibility curve (PPC). The economy is using all of its available resources. A government decides to encourage more...

In 2020, to prevent the spread of a pandemic, many governments temporarily closed restaurants and cafés. What would be a macroeconomic impact of su...

Good weather results in an increase in the demand for and supply of peaches. How will this affect the price and quantity traded in the market for p...

The diagram shows demand and supply curves for a product at its equilibrium price P. How would the introduction of a subsidy be shown?

The table shows the quantity demanded at different prices. For which fall in price is the demand price-inelastic?

The price elasticity of supply (PES) of coffee is calculated as +0.2 for the current year and +2.0 in the long run. Why is the PES of coffee higher...

What would a person believe who wished to encourage the use of the market system?

What is not a form of money?

If interest rates fall, what will be the most likely effect on saving and borrowing?

A bus driver initially works longer hours if the wage rate increases. As his earnings increase, there reaches a point when he prefers more leisure ...

There has been an improvement in the transport infrastructure in India that reduces the costs of farming. What is this an example of?

A firm chooses to become more capital-intensive. What is least likely to have increased?

The diagram shows the average total costs (ATC) and average fixed costs (AFC) for a firm. Which statement is correct?

What is a macroeconomic aim of a government?

What is a principle of taxation?

Monetary policy often involves a change in which variables?

Which supply-side policy measure is most likely to enable a government to achieve its aim of full employment?

Which policy decision is most likely to cause economic growth?

A government uses the labour force survey method to calculate unemployment. What is required under this method for a person to be classified as une...

What is most likely to rise when the level of employment falls in a high-income economy?

A Consumer Prices Index (CPI) consists of four items. The table shows the percentage price change for each item over a period of a year and the wei...

The table shows the Human Development Index (HDI) value for a country in two years. What would not explain the change in the HDI value?

Which combination of statistics is used to calculate the natural population growth of a country?

What will increase the level of specialisation in an economy?