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.
What is not normally a function of the central bank of a country?
The table shows how three people (X, Y and Z) spend their income. [Table for Question 10: person X: food, clothing and housing 35%, entertainment a...
A musician has a choice of playing for an orchestra in either Germany or England. Which combination of incomes and cost of living is most likely to...
Which type of business organisation is necessarily in the public sector of the economy?
Which combination of characteristics correctly describes a monopoly?
The table shows the sales of cold drinks made by a company in the UK in 2016 and 2017. Demand for cold drinks is influenced by changes in the tempe...
A firm producing bicycles has the following costs at different levels of output. [Table for Question 15: output: 10, total fixed costs (): 300, tot...
Why are indirect taxes, such as VAT of 20% on goods and services, described as regressive when comparing high-income and low-income purchasers?
The government has an important role in mixed economies. Which function would it not perform?
Which combination of policy measures would be effective in reducing the effects of a recession?
How would government spending on education be classified?
Which increase is most likely to cause a rise in the output of an economy?
Why was the Human Development Index (HDI) introduced as a measure of the standard of living?
During periods of high unemployment across the entire labour force, the highest unemployment rate in an economy is often in the 16–19 year-old age ...
Venezuela, a leading world oil producer, has experienced hyperinflation of over 400% per annum in recent years. How does hyperinflation affect an e...
What is most likely to increase as a country becomes more developed?
In Botswana, better healthcare has meant that birth rates have been falling faster than death rates. Also the number of children born, on average, ...
What would cause a favourable change in the Kenyan trade in services (invisible) account?
What is a disadvantage of trade protection of manufactured goods?
What would cause a rise in the deficit on the current account of the balance of payments?
What would reduce the volume of international trade in the world economy?
Driverless cars and advances in technology It is predicted that driverless cars, powered by electricity, will be on the roads by 2030. Driverless c...
It is predicted that the UK economy will avoid another recession in the next two decades and that its population will increase significantly by 204...
In 2015, the Malaysian government set out its objectives to increase productivity and savings. There has been higher consumer expenditure, driven i...
Mali is a developing country. Its Human Development Index (HDI) rose from 0.297 in 2000 to 0.442 in 2016. Most of Mali's workers are employed in ag...
In May 2017, the price of olive oil rose by more than 10%. This was caused by a drought in Greece, Italy, Spain and Tunisia, the major producing co...
The Indian government subsidises the country's exports of cotton textiles. The USA, the largest buyer of Indian cotton textiles, benefited from thi...
More agricultural markets come close to perfect competition than markets for manufactured goods and for services. The goals of business organisatio...
What causes economic agents to make choices?
Which combination of a factor of production and its factor income is not correct? factor of production factor income A capital interest ...
The diagram shows a production possibility curve (PPC) for a country. The country moved from position X to position Y on the PPC. [Figure 3.1] What...
What is an example of a macroeconomic aim?
Why might a market economy fail to achieve the best use of scarce resources?
The diagram shows the global market for copper with an equilibrium point of X. [Figure 6.1] Which point represents the new equilibrium after the co...
The diagram shows the supply curve for a good. [Figure 7.1] What is the price elasticity of supply when the price rises from $10 to $12?
Which task is not a function of a trade union?
What does not have an effect on wages in a free market economy?
The table shows how household spending changes with income. income ($ per month) spending ($ per month) 3000 3150 3300 ...
What can a central bank increase in order to reduce consumer borrowing?
The table shows the output and total costs of a small firm. output (units) total costs ($) 0 50000 1000 100 000 5000 400 ...
A firm has fixed costs of 1000. The table shows the variable cost at different levels of output. output (units) 1 2 3 4 variable cost () 100 190 2...
Firm X supplies bricks and decides to merge with firm Y that also supplies bricks. Which form of merger has taken place?
Who owns a public sector organisation?
What are two aims that a government normally pursues when managing the performance of the whole economy?
The table shows the tax that an individual would pay at different levels of disposable income. disposable income () 10000 20 000 30 000 40000 tax ...
The government wants to reduce the consumption of cigarettes. Which policy would be most likely to do this?
Which group should not be included in the measurement of unemployment?
The table shows the rates of unemployment and real GDP growth for an economy in 2014 and 2018. 2014 2018 rate of unemployment (%) ...
An economy is experiencing rising prices. Which government policy will help reduce consumer expenditure?
In countries with absolute poverty, low incomes can start a process that keeps incomes low. What are the stages of this process?