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.
It was reported in 2011 that the United States (US) needed to achieve a lower current account deficit. What would help this in the short run?
The table shows the number of units of foreign currency that the UK pound (UK£) could buy in August 2012 and August 2013. [Table 30.1] What can be ...
From inflation to deflation For some time, many central banks have tried to achieve a target inflation rate of about 2%. A small and steady rise in...
Singapore is usually ranked as one of the best countries in which to do business. It is an open economy engaging in free trade. It has a history of...
Rich people in some countries are now working for more hours on average than poor people. One reason for this is thought to be that well-paid jobs ...
In Pakistan there is a limited choice of cars to buy. The country has a population of approximately 190 million but only about 120000 cars a year a...
Nauru is one of the smallest countries in the world with a population of only 10000. Fifty years ago the population was one of the richest per head...
Moldova has a population of 3.5 million. It is one of the poorest countries in Europe, with relatively low living standards. In 2015, the country e...
The Gulf countries, some of which are quite specialised, import a high proportion of the food their inhabitants eat. For example, the United Arab E...
Which factor of production is not represented in the list shown? bananas a factory goats a risk taking investor
What do economies aim to achieve in tackling the economic problem of scarcity?
The diagram shows a country's production possibility curve (PPC). Which statement is correct?
China, the world's second largest economy, is becoming more like a market economy. Which policy would contribute directly to such a change?
The diagram shows the market for a firm making clothing with an initial equilibrium of X. What will be the new equilibrium if there is a successful...
Coal production in the UK has declined in recent years. One reason given for this is that the social cost of coal production is too high. What best...
The table shows the demand and supply for spices in a market in Africa. When the price rises from US20 to US30 per kg, what is the price elasticity...
A central bank acts as a lender of last resort especially in times of financial crisis. What is the purpose of this function?
What will cause the level of savings in an economy to rise?
What could affect the size of the labour force in an economy?
Petrol (fuel) retailers in a country have noticed a sharp increase in sales in August when many people take their holidays. Why might this take place?
What is correct for firms in perfect competition?
A film production company purchases a group of cinemas. Of what is this an example?
The table shows a firm's average revenue and average cost at different levels of output. When all output is sold, which level of output gives maxim...
A government aims to reduce unemployment through a supply-side policy measure. Which measure would it use?
When is a government said to balance its budget?
The table shows the amount of tax paid as income rises in four countries, A–D. Which country has a progressive tax?
Economic growth is usually measured by the annual change in
Four groups who are affected by changing economic conditions are creditors, debtors, exporters and importers. Which pair is most likely to be disad...
The diagram shows the rate of unemployment and the periods of recession in a country between 1978 and 2012. What can be concluded from the diagram?
A country experienced its usual August increase in the rate of unemployment. Unfortunately this was followed by the loss of jobs resulting from the...
What will lead to an ageing population if other factors remain unchanged?
Which change is most likely to be expected when an economy is developing?
It is estimated that in 2016 the Olympic Games in Rio, Brazil attracted over 600000 foreign visitors. What is likely to have been the result of thi...
What is most likely to happen if South Korea builds a factory in Switzerland that becomes profitable?
A country has experienced a devaluation of its currency. What are the likely results of the devaluation?
The table shows the tariffs imposed on imported tropical fruit in the European Union (EU) according to the degree of processing. What might be the ...
Rubber production in Liberia Liberia is a west African country that has faced a number of serious problems in recent years. These have included a c...
Mexico has recently experienced relatively low inflation and the Mexican government wants to maintain this price stability. Despite this its curren...
In 2016, the Indonesian government increased its spending on healthcare and education and considered raising the school leaving age. The government...
UK students often take jobs during their holidays and some save part of their income to pay their tuition fees. UK graduates earn, on average, £850...
Productivity has fallen recently in Finland particularly in the public sector. The country has a relatively high number of small firms. In recent y...
A relatively high proportion of people from the Philippines either work in call centres or abroad. Call centres employ 1.2 million people in the Ph...
The price of gold rose in 2016. This encouraged owners of gold mines to employ more resources to increase the supply of gold. The level of competit...
Which statement about factors of production is correct?
The diagram shows two production possibility curves. [Diagram for Question 2] Which statement about the movement from point X to point Y is correct?
Sam wrote a list of how he would prefer to spend his Saturday afternoon. [Table for Question 3: first choice: go to a cricket match, second choice:...
What suggests that there is market failure?
What can cause the supply curve for a product to shift to the right?
A railway company increases ticket prices by 10% for travel between 06:00 and 09:00, causing a reduction in demand by 2%. After 09:00 it reduces ti...
What is a disadvantage of being a specialist skilled worker?