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.
Specialisation can lead to a significant increase in output and international trade.
In a rural community of Southern Africa, women were responsible for planting and weeding crops by hand, while men used to control production and re...
The government of a prosperous country announced that it would offer free food to its citizens for a year. What would be the effect of this measure?
The diagram shows a production possibility curve for an economy that can produce rice or electronic equipment. The economy is at point Q. A recessi...
A person works at home making table cloths. He works for 6 hours each day and makes 15 table cloths an hour. He sells them for $10 each. He then de...
What is meant by an equilibrium price?
In August 2013, a lengthy strike in north-east India, where the finest and most expensive Darjeeling tea is grown, shut down the tea industry at ha...
Air travel and rail travel are substitute forms of transport. The diagram shows the effect of new technology on the market for air travel. What wou...
A developer built some large houses in a rural area which poorer people could not afford. The houses destroyed an area of natural beauty. What type...
How do high direct taxes affect spending and how do high interest rates affect saving by wage-earners?
A national trade union wishes to increase the wages of its members without reducing the numbers employed. Which factor would help the union to do t...
The wage rate of a worker is reduced. Which combination of characteristics of the job is most likely to cause the worker to stay in the job?
What characteristics are found in a monopoly?
What must be falling if a firm is experiencing economies of scale?
A company supplying water spent $470 million creating a network of pipes to distribute water more efficiently. It employed local workers and booste...
The table shows the information that managers of a company have from a week of business activity. Assuming there are no other costs, what is the va...
What is most likely to be the responsibility of a government?
Which statement about the meaning of government economic aims is correct?
A government wishes to close the gap between the earnings of the rich and the poor. What should it do to achieve this aim?
A government decided to increase its spending on building schools and hospitals. Which aim of government policy is most likely to be achieved by th...
The forecast for Germany's GDP growth in 2013 was 1.5%. What might cause economic growth?
The proportion of workers employed varies between different industries and between developing and developed economies. Which combination in the tab...
In 2009, a country had an inflation rate of 2%. The table shows the inflation rate in the following years. In which year did deflation start?
Which item does the Human Development Index (HDI) of a country include, in addition to real GDP per head and life expectancy at birth?
Why might real GDP per head not be a good indicator of the standard of living in developing countries?
The richest 60% of the population in a developed economy received an increase in income. Which row is correct as a result of this increase?
According to the United Nations, the share of world population living in developing countries will increase from 83% in 2003 to 88% in 2050. What i...
The diagram shows China's trade with Brazil for 1999 and 2003 in billions of dollars. With reference to the diagram, what happened to China's trade...
A country imposes tariffs and quotas on imported goods. What will citizens of that country experience?
What is most likely to encourage international specialisation?
Turkey's agricultural sector employs 48% of the country's workforce, compared with 17% in the United States (US) and 3.9% in France. What could be ...
Mexico: rising to the top? It has been predicted that Mexico will be one of the world's top ten economies by 2020. Changes in the industrial struc...
The United Nations' World Tourism Organisation has estimated that the proportion of the world's population who have visited another country will ha...
A heatwave in July 2013 in the United Kingdom resulted in sales of ice cream more than doubling. Extra workers were taken on to meet the higher dem...
On average, Norwegians work only 27 hours a week. They also take more, and longer, holidays than most other countries' workers. In 2013, Norway had...
In 2009, a digital currency called Bitcoin was invented. Between 2009 and 2014 there was a growth in the number of people and firms accepting it as...
Capital goods make up over half of Japanese exports. In 2013, although Japan's imports rose more rapidly than its exports, there was still a surplu...
Myanmar (Burma) is seeking to move from being a developing to a developed country. It has a lower savings ratio than most other Asian economies, wi...
Each factor of production earns an income. What correctly identifies the income for labour and capital?
What could be the opportunity cost of a nuclear power station?
The diagram shows a production possibility curve for maize and cotton. [Figure 3.1] Bad weather causes a poor harvest for both crops. Which movemen...
The market for a good was in equilibrium. A change occurred which resulted in a new equilibrium with a higher price for the good and a lower quanti...
A demand curve shows the relationship between the quantity demanded and
A government subsidises the production of pineapples. This is likely to
What indicates the existence of external costs in an economy?
What might be a disadvantage to a trade union when arguing for an increase in its members' pay?
What shows the correct examples of income and wealth?
Nazmin Uddin works in a local office as a secretary three days a week. She lives with her parents in a small apartment. Meer Ali owns a successful ...
The table shows how household spending changes with income. What is the first level of income shown at which savings are positive?
A survey of managers in the USA revealed that most businessmen feel that a company's responsibility is 'to serve the interests of owners, employees...