Cambridge Past Paper Questions
Browse 23,045questions from 25 years of O-Level & A-Level exams. Click any question to practice.
A kitchen manufacturer wanted to become more efficient. It decided to move to estate and to increase the division of labour in the manufacture of i...
What will cause a shift in the demand curve for a computer?
If the price of maize rises, the quantity of maize demanded should fall. If the demand for maize decreases, the price of maize should rise. What ca...
When the supply of a good decreases, equilibrium price stays the same. What is the price elasticity of demand of the good?
A product is an inferior good with no close substitutes. It is also a complement to goo Which product matches the above description? [Table with co...
A supply curve is represented by the equation, quantity supplied = 10 + 5P, where P = the price of the product. Which price rise would cause the qu...
Firm Z is one of a number of firms producing televisions. What would cause firm Z's supply curve to shift to the left whilst the market supply curv...
A country's government announces that the penalties imposed on those found guilty of supplying an illegal drug to others are to be increased but th...
A specific tax is placed upon each bottle of perfume sold. In the diagram, SS is the before tax, S₁S₁ is the supply curve after tax. Which area rep...
The diagram shows the change in the number of passengers when a company reduces the fare for a train journey from OP₁ to OP₂. Which areas measure t...
Which is not an example of an externality?
A government decided to approve a private airport-building scheme because it was socially beneficial. In making its decision it calculated private ...
A tax on a product is removed causing supply to increase from SS to S₁S₁ as s diagram. What effect does the move have on government tax revenue and...
Which type of government intervention runs the risk of causing shortages?
In the diagram, D is the demand curve of an agricultural commodity and S is the curve. The government promises to maintain farmers' incomes at leas...
The table shows the costs of producing a unit of food and a unit of clothing in countries X and Y, expressed in the currency of each country. The e...
What is the most likely aim of a government that increases the level of tariffs on imported manufactured goods?
What is a characteristic of a customs union but is not of a free trade area?
Since 2000 a country's export prices have increased on average by 50% and its import prices by 25%. What is the current figure for the country's te...
The table gives details of the unemployment rates and expenditure on unemployment benefits for the United Kingdom in 2007 and 2009. What can defini...
The exchange rate of the Mexican peso against the US$ changed from 10 pesos = 1 US$ to 9 pesos = 1 US$. During the same period, the general price l...
The table shows an index number of prices between 2009 and 2012. In the base year of 2008, inflation was 2% per annum. What was the first year in w...
What will be the probable effect of an increase in indirect taxes on demand-pull inflation and on cost-push inflation? [Table with columns: demand-...
When is a balance of trade deficit likely to be considered a particularly difficult problem for a country?
The graphs show the changes in the exchange rates of the £ sterling against t against the euro. The exchange rate of sterling against the euro is s...
In spring 2011 the US$ exchanged for 81.6 yen. In spring 2012 the US$ exchanged for 76.1 yen. What would be expected to rise for the United States ...
By 2030, as the human population grows, the world will need at least 50% more foo energy and 30% more water from the same resources. What does thi...
A country was at point P on its production possibility curve. Following the threat of invasion it prepared for war. The war then reduced the countr...
Meera has just finished a course at art college and has decided to set up a business producing clay figures of famous people. Which factors of pro...
The demand curve in the diagram shows the relationship between the number of car journeys and the cost of a car journey. [Figure: Demand curve for...
The diagram shows the market for milk. Two conditions change. The cost of catt sharply and this is followed by the government raising the tax on ch...
If the elasticity of demand for a commodity is unity, an increase in its price will
The table shows a consumer's expenditure on a range of goods at different levels of income. For which good does the consumer have an income elasti...
What might cause a market supply curve to shift to the right?
The diagram shows four different straight line supply curves. [Figure: Graph with price vs. quantity, showing supply curves S₁, S₂, S₃, S₄]
The diagram illustrates the effects of placing a specific tax equal to JM on a good. [Figure: Supply and Demand graph with two supply curves S1, S...
What is consumer surplus?
In a market for a good both demand and supply change at the same time. Which combination of changes would enable an economist to predict with conf...
The existence of a positive externality is possible when
A firm opens a new factory on derelict ground on the outskirts of a town. What will be included among the externalities arising from the opening o...
A firm owns a bridge and charges all vehicle users who cross it. How might the charge be classified?
The table shows the results of a cost-benefit analysis into the building of a new airport. [Table showing costs US$m and benefits US$m for private...
In the diagram, the initial quantity traded was Q and the price was P. [Figure: Supply and Demand graph with initial price P and quantity Q, then ...
The table shows the output of cars and televisions per worker per week befor specialisation. [Table showing output per worker per week for cars an...
A country produces washing machines. The government lowered both the tax on washing machines produced in its country and the quota on imports of fo...
The diagram shows the effect on the quantity of an import to the domestic market on of a tariff that reduces the import's price to P1. [Figure: Ma...
A group of countries join together to form a single market with a single common currency. Which term best describes the resulting organisation?
The table shows the unemployment rate and the size of the labour force in four count Which country had the highest number of people in employment ...
The diagram shows an economy's aggregate demand curve and two short-run aggregate supply curves. [Figure: Aggregate Demand and Supply graph showin...
The table shows a country's rate of inflation for four years. [Table showing year and rate of inflation % for 2009, 2010, 2011, 2012]