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 government intends to build a new international airport in an area of outstanding natural beauty. What would be an external cost of this decision?
A stock exchange is a market in which
'Savers suffer as inflation rises to 4.4%.' Which function of money is most involved in this statement?
What is the most likely reason for a worker preferring to be employed by the government rather than by a firm in the private sector?
'There are actors who earn extremely high incomes.' What best explains this?
What might be a direct benefit to the individual worker of a specialised job?
Which change would be most likely to cause the earnings of hotel managers in Mauritius to rise more than the earnings of sugar cane workers in Maur...
A milk processing company takes over a group of dairy farms before merging with a chain of supermarkets. Which types of integration have taken place?
What is usually an advantage of a small firm?
In 2008, XL, the UK's third largest tour operator went out of business. What would have been the effect of this on the level of competition in the ...
In 2008, the world's largest metal mining company, BHP, increased its profits by 20%. What could have helped that happen?
The table shows a firm's fixed and variable costs at four levels of output. output (units) fixed costs () variable costs () 2 50 110 3 50 130 4 50 ...
What is unlikely to be a feature of a large firm in a monopoly position in a market?
Direct taxes can be used to
Brazil is a highly taxed economy. Some Brazilian economists have suggested that if the government were to cut tax rates, the government would actua...
In September 2008, the Chinese government increased the sales tax on cars with large engines whilst it reduced the sales tax on cars with small eng...
Which policy would be most likely to reduce the rate of inflation in Malaysia?
Which government policy would most likely lead to a redistribution of income?
In Germany's 2007 retail price index, transport received a higher weighting than clothing and footwear. What does this difference indicate?
In 2008, the US had a higher GDP per head than Iceland, but a lower Human Development Index ranking than Iceland. What could explain this difference?
The number of people unemployed in an economy fell by 600000 and the number employed rose by 400 000. Which change could explain this difference?
The table shows four countries in 2007. country GDP (US$ billion) population (million) Bangladesh 206.7 153.5 India 2989.1 1147.9 Nigeria 292.7 138...
What will be the likely effect on the remaining population of a developing country when newly trained, skilled workers migrate to developed countries?
What is most likely to indicate that an economy is developed rather than developing?
What is more likely to result from rather than cause economic development?
One argument for protectionism is to prevent dumping. What is meant by dumping?
Firms often advertise saying that they specialise in providing a certain product or service. What is an advantage of such specialisation to the firm?
Every business organisation faces the problem of satisfying wants. What is the reason why wants are not fully satisfied?
A university rejects 2000 qualified applicants who wish to study there. What factor of production could have caused the university to make this dec...
The diagram shows the choices for an individual between leisure and earnings. What is the opportunity cost to the individual of the extra earnings ...
The table shows how employment in selected industries changed in a country between 2000 and 2010. According to the table, which type of employment ...
How are economic decisions determined in a pure market system?
What is always a feature of a mixed economy?
Wet weather in 2009 led to a fall in the sales of summer clothes. To support businesses the government reduced the sales tax (VAT). How would these...
Drought in African countries often results in poor harvests. Other countries then help by sending quantities of food. What are the likely results o...
The graphs, drawn to the same scale, show the demand curves of four firms. The market price is $10. The price then falls to $8. Which firm will hav...
Which person would wish to encourage the use of the market system?
What is an example of an external cost?
Which motive is most likely to increase the wish to open a savings account?
In most countries, which organisation controls the banking system?
Share prices on the stock market are most likely to rise if
The ways of making and receiving payments continue to develop. As well as cash, debit cards and credit cards, mobile (cell) phones are now being us...
A group of workers in a firm join a trade union. What would the union be expected to do?
In 2009, the Chinese Government tried to increase household spending. Which policy measure would have been most likely to achieve this objective?
Mr Jones runs a small shop selling household appliances. His total revenue has declined due to the opening of a large supermarket which sells a sim...
The table shows how a firm's total cost rises with changes in output. What is the average fixed cost of producing 5000 units?
General Motors, a large multi-national company based in the United States, sold some of its European car assembly plants to other car manufacturers...
A firm is producing an output which enables it to make more than normal profit. What must be true at that output?
Which statement about total fixed cost is correct?
Which type of business organisation has its shares quoted on a stock exchange?