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 might an economist consider to be meant by the term dumping?
In the diagram, D is the demand curve for the Chinese yuan and S is the supply curve of the Chinese yuan. The Chinese central bank wishes to set th...
The table shows the values of the items in a country's current account in two years. How did the value of net secondary income change between year ...
A university rejects 2000 qualified applicants who wish to study there. Which factor of production could have caused the university to make this de...
Sanjay, a coal miner, became unemployed when the only local mine closed. He lives in a village near family and friends and would like to stay in th...
The diagram shows the production possibility curve (PPC) for an economy that is at point X. [Figure 3.1] Which change in the economy's labour marke...
What are both macroeconomic decisions?
The table shows the quantity of coffee demanded per day and the quantity supplied per day. price ($) per kilo demand (kilos) supply (kilos) 12 16 2...
The diagrams show the demand curves for the only two buyers in a market. [Figure 6.1] What will be the shape of the market demand curve for the good?
The diagram shows the market for ice cream and the effects of very hot weather. [Figure 7.1] If prices had remained at P₁ even during the hot weath...
The supply of which good is likely to be most price elastic?
What is a characteristic of a demerit good?
The table shows the average wage in four countries, A, B, C and D. In which country is there the greatest relative wage discrimination against fema...
The diagram shows the average total cost curve (ATC) for a firm after a merger. [Figure 11.1] Why is the movement from X to Y likely to result from...
A restaurant employs two chefs who make all of the meals that are served to customers. What is most likely to increase the productivity of the chefs?
What are fixed costs?
The table shows the daily output and costs of four firms making chairs. Which firm has the highest average cost of production?
The only information known about a firm is the price it charges for its product and the quantity it sells. What else can be concluded from this?
If a very competitive market becomes a monopoly, what will be likely to increase and what will be likely to decrease?
Many central banks around the world decreased interest rates during a recession caused by a pandemic. What was the most likely macroeconomic aim of...
The diagram shows the percentage of income taken by a tax at different levels of income. [Figure 18.1] Which term is used to describe the tax?
What is not a likely consequence of a rise in the budget deficit in a year?
When a government aims to encourage economic growth, it may adopt supply-side policies. Which policy is a supply-side policy?
An economy that is fully employed is forecast to have an increase in total demand. What is most likely to increase?
A government conducted a labour force survey. It only included people of working age in the survey. The results are shown in the table. Which perce...
A school leaver is unable to find a job immediately after completing their education. Which type of unemployment is this?
Which changes are likely to lead to the biggest increase in inflation in country X?
Japan's population has an increasing proportion of elderly people. What is the likely impact of this on the Japanese economy?
Mining by multinational companies (MNCs) has both costs and benefits for the host nation. Which activity is least likely to offer a benefit to the ...
The table shows the retail price at which the same book can be bought in four countries. What additional information is required to make a meaningf...
What is a consequence of a surplus on the current account of the balance of payments?
Read the source material carefully before answering Question 1. Source material: Gabon's industries and labour force Gabon fact file 2022 GDP $22bn...
The shape of Colombia's population pyramid is changing. The income distribution of this South American country, however, is not changing significan...
In recent years, the quantity of Latvia's factors of production has changed. Since 2008, its capital has increased and its land has not changed sig...
In 2023, India became the country with the largest population. This may affect the government's macroeconomic aims. In 2018, the Indian Government ...
Australia has a number of firms that operate in other countries. These multinational companies (MNCs) provide several benefits for their home count...
Read the source material carefully before answering Question 1. Source material: The future of the economy of St. Kitts and Nevis St. Kitts and Nev...
The world’s four largest accountancy firms experienced a decline in demand for their services at the start of 2023. One cause of this lower demand ...
In 2022, Paraguay’s production possibility curve (PPC) shifted to the right. Paraguay has a mixed economic system. Its government provides merit go...
In 2022, more than a quarter of a million workers, including doctors, left Sri Lanka to work in other countries. This was largely due to economic p...
In 2023, the Chinese Government said that it would aim for an economic growth rate of 5% and a steady increase in both exports and imports. It was ...
What makes choice an important element in the basic economic problem?
A government is faced with the choice of spending on either education or healthcare. Of what is this an example?
A farmer pays a landowner for the use of a field. What is the income to the landowner called?
The table shows the contribution to Gross Domestic Product made by different sectors for four countries. country services % industry % agriculture ...
The diagram shows demand and supply curves for a product at its equilibrium price P. [Figure 6.1] How would the introduction of a subsidy be shown?
Which statement could explain a decrease in the demand for natural rubber?
The table illustrates the demand and supply for rice in a market in Africa. price per kg ($) quantity demanded (kg) quantity supplied (kg) 10 50 10...
The diagram shows that when a tax of $2 on a good raises the supply curve from S₁ to S2, the price to the consumer rises from $4 to $5. [Figure 9.1...
The diagrams show different conditions of demand and supply for an agricultural product. [Figure 10.1] In which diagram would market price remain u...