Cambridge Past Paper Questions
Browse 23,045questions from 25 years of O-Level & A-Level exams. Click any question to practice.
The diagram shows two indifference curves and two budget lines for goods X and Y. [Figure 6.1] The consumer's initial position is at point F. The c...
The table shows the total costs at different levels of output for a firm producing chairs. | output (chairs) | total cost ($) | |---|---| | 0 | 50 ...
In market economies firms can operate under monopolistic competition.
The table provides data on the number and value of mergers in Europe and North America between 2014 and 2017. | year | Europe | North America | |--...
Charities distribute plastic bags to households that householders can fill with clothes they no longer want. The charities then collect them and se...
The alternative to work is to have leisure time. The diagram shows a worker's decision of how many hours of labour to supply. [Figure 17.1]
The table gives population data from the United Nations. | | low-income countries | lower-middle-income countries | upper-middle-income countries |...
The diagram shows selected US labour statistics from 2001 to 2013. [Figure 21.1]
The diagram shows the equilibrium levels of national income in a closed economy with no government, at two levels of investment, I₁ and I₂. [Figure...
The table gives population data from the United Nations. | | income level | price level | interest rate | |---|---|---|---| | A | fall | fall | ris...
In 1936 Keynes explained how economic policy can be used to increase aggregate demand and prevent an economic depression.
A central bank increases the money supply in an attempt to stimulate investment and growth when the economy is in recession.
To stimulate economic growth the government increases the size of its budget deficit and funds this by increasing the money supply.
In pursuit of well-being It has been said that the mark of success of a government is raising the quality of life or the well-being of the people i...
Discuss whether competitive markets in the private sector are the best way to achieve an efficient allocation of resources.
'A firm is fully aware of market conditions and its best rational interest would be achieved by pursuing the clearly defined objective of maximisin...
After negotiation, the workers in an industry obtained from employers higher wage rates. The employers' spokesperson said 'the cost of the deal wou...
The impact of economic concentration By locating closely together manufacturers can often gain economic benefits. The makers of industrial machines...
'Government intervention in the microeconomy always improves efficiency.' Discuss the validity of this claim.
In January 2018 tax reductions were introduced in the US, and the Federal Reserve Bank (the US central bank) announced it would raise interest rate...
In pursuit of well-being It has been said that the mark of success of a government is raising the quality of life or the well-being of the people ...
A tourist visits the coast for a holiday. On her first day, she visits the local tourist office for information, goes for a swim in the sea, spends...
Which aspect of a planned economy might be viewed unfavourably by a consumer but favourably by a producer?
If the rate of inflation rises from 2% to 20%, which function of money is likely to be most affected?
Which statement would be classified by an economist as a positive statement?