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 type of tax is a sales tax (VAT)?
What is a long-term advantage of economic growth?
A tax on which of the following is usually progressive and is paid by a large number of tax payers?
Which government policy would be likely to help local companies expand?
Between December 2008 and August 2009, the Central Bank of South Africa cut the rate of interest from 12.5% to 7%. What effect would this action be...
A government decides to subsidise a major industry that is making a loss and also reduce sales tax (VAT) to increase consumer demand. Which aim wou...
There was a fall in investment spending by businesses in the third quarter of 2008. What would be the likely result of this?
What is typical of a recession (economic downturn)?
A newspaper reported that there were signs of economic growth and inflation in an economy. What would not be evidence of such a situation?
What is the most obvious sign of inflation?
The table gives information about four countries. Which country is likely to have the lowest standard of living?
What is most likely to happen if there is a fall in the death rate while the birth rate and migration remain unchanged?
Developing countries are sometimes given aid by charities and foreign governments. Which aid programme would be least likely to lead to long-term e...
In 2008, the Peruvian Government set itself the target of reducing the number of its people in poverty to 30% of the population. Which change would...
Many sportsmen and sportswomen from developing countries go to the United States (US) to earn money, most of which they send back to their own coun...
The table gives the retail price of a paperback book as printed on its back cover. What is needed to make a clear comparison of the price in the fo...
Economics textbooks often start by identifying the existence of the basic economic problem. What is it that makes this problem 'basic'?
The diagram shows two production possibility curves for an economy. [Figure] What could have caused the change in the economy's production possibil...
What is most likely to influence the price elasticity of demand for a food?
What is meant by the equilibrium quantity in the market for a product?
The following is a headline from the newspaper. Car drivers to pay higher taxes What will result from an increased tax on cars?
The diagram shows the market for refined oil with equilibrium of X. [Figure] What will be the new equilibrium when a major oil refinery shuts down ...
A group of workers in a firm joins a trade union. What would the union be expected to do?
In which occupations do wages tend to be lowest?
When might rapid inflation together with low interest rates be a source of concern for a consumer?
Asda, a supermarket chain, noticed a regular, sharp decrease in sales in the third week of the month as people ran out of cash before their next wa...
A large tyre manufacturer expands by taking over a rubber plantation. Of what is this an example?
What may exist in perfect competition but not in monopoly?
The diagram shows the cost and revenue curves of a firm which starts to make a profit only after producing 100 units of output. [Figure] What are t...
The table shows output and total costs of production of a firm with three workers. [Figure] How did output per worker and average cost of the produ...
A government aims to keep domestic prices stable in a fully employed economy. Which policy should it use?
What describes a regressive tax?
In 2011 the Egyptian Government increased the top rate of income tax. What is likely to have been the main aim of this policy measure?
The table shows the tax paid at different levels of income. [Figure] Which describes this tax?
What must be a consequence of deflation in a country?
World population increased from 5.26 billion in 1990 to just over 7.00 billion in 2012. It is predicted to rise to 8.00 billion by 2025. What is mo...
The table shows the rate of unemployment and the annual rates of change of gross domestic product (GDP) and consumer prices for four countries in 2...
The table shows the percentage change (%) in employment over a period for a country with three economic sectors. [Figure] What could be concluded f...
What is most likely to be found in a developed country?
What will increase the level of economic development in a country?
Developing countries have, relatively, far more poor people than developed countries. What is the reason for this?
The table shows statistics for four countries in southern Africa. [Figure] From the information given, which country has the lowest standard of liv...
When the US$ exchange rate falls it will usually
Which change will increase the demand for imports?
Fiscal policy and an ageing population in Japan A sales tax was introduced in Japan in 1989, initially at a rate of 3%, and this was later increas...
Factors of production, private and external costs and opportunity costs are all important concepts in Economics.
Governments can influence economic behaviour in different ways, such as through taxes and regulations.
Money, central banks and commercial banks all play a key role in economies.
There are many large firms in most economies, but this does not mean that all small firms will become large.
Inflation and unemployment are two economic problems that governments usually have to deal with.