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.
Which action by the operators of an airport directly reduces external costs?
What may cause an individual to save a higher proportion of their income?
A person wishes to buy shares in order to make a long-term profit, but wants as little risk of short-term loss as possible. Which type of share is ...
Which statement about a country's banks is correct?
Why might factory workers have higher wage rates than agricultural workers?
What is the main purpose of a trade union?
A musician has a choice of playing for an orchestra in either England or Germany. [Table] Which combination of incomes and cost of living is most l...
What is an advantage of small-scale production?
A major computer company announced that its profits had fallen below the level predicted. What might have caused this?
A firm raised the price of its product from $10 to $15 and as a result its sales fell from 200 units to 150 units. [Table] What happened to its ave...
Which change must occur when a firm starts to experience diseconomies of scale?
If a firm increases its output in the short run, what will happen to its average fixed cost (AFC)?
Cathay Pacific, Hong Kong's largest airline, flies to a number of countries. Shares in the firm are owned by both individuals and other firms in a ...
Which statement is most likely to be correct?
The central bank of Mexico set its rate of interest to try to keep the rise in the price level to only 3%. Which government aim was it directly try...
When is a direct tax described as progressive?
In 2008, the government of Argentina imposed a tax on exports of wheat and soya beans. What was the most likely aim of this tax?
A government gives farmers a subsidy of $5 per kilo to supply food on the open market where X is the equilibrium position. The effect is illustrate...
During 2009 some governments adopted policies to try to end the recession in their country and increase economic growth. Which combination of polic...
The table shows the percentage change in employment over a period for a country with three economic sectors. [Table] Which statement must be correct?
Why may GDP not be a good measure to compare the standard of living of two countries?
Which type of unemployment is generally regarded by economists as the least serious for the economy?
Which people are most likely to gain at a time of inflation?
What is likely to happen as a developing country becomes more developed?
Many developed countries are faced with an ageing population. What is the likely result of this?
The table shows statistics for four countries in southern Africa. [Table] From the information given, which country has the lowest standard of living?
Net migration is the difference in a particular year between
Which item would appear as a credit item in Pakistan's current account of the balance of payments?
The diagrams show the composition of exports and imports of a country. [Figure] What is true for this country?
A government may use customs barriers to restrict free trade. What is an economic reason for doing this?
Which combination of resources and wants causes the economic problem?
What does an economist mean by capital?
A student leaves school and decides to spend the next two years at a college to improve her qualifications. What is the opportunity cost to the stu...
What is found in a mixed economy but not a free market economy?
A large shop selling clothes opened in a town. Its prices were much cheaper than other shops selling similar items. As a result many more customers...
What is not held constant in constructing a demand schedule?
The diagram shows the demand and supply curves for digital cameras. The original equilibrium point is X. What will be the new equilibrium point if ...
A shop sells chocolate birthday cakes. When the price was $15 it sold 40 cakes. It reduced the price to $10 and sold 60 cakes. What can be conclude...
In 2010, a major oil leak from an oil rig affected many people living around the Gulf of Mexico. What type of market failure did they experience?
What changes would move the equilibrium in the diagram from point X to a new point within area Z?
What is likely to cause wages in an occupation to be high?
A trade union negotiates a basic weekly wage for its members with all employers in an industry. In addition to the basic wage, one company also ope...
What might cause a rise in the proportion of income that a person saves?
For anything to be used as money, it must be
Which is a major function of a commercial bank?
The table shows information for two workers. Both workers save 10% of their disposable income. How much is this in each case?
Which is a diseconomy of scale?
The financial director of a company adds up the cost for the firm of rent, insurance, new machinery and the chief executive’s basic salary. The dir...
A manufacturing firm wishing to have better control of its raw materials would seek to grow
Amit and Pardeep set up in business together. Each has half of the shares in the business and limited liability. What type of business organisation...