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 the definition of price elasticity of demand?
To reduce traffic congestion, a government decides to build a new road. There is a toll charge on the new road. What is the main purpose of this go...
Which organisations can directly fund the growth of firms?
Which advantage do coins have that makes them more suitable than paper banknotes to act as money?
Which statement about different income groups is correct?
The central bank of a country decreases interest rates to help the economy out of a recession. How is this decrease in interest rates most likely t...
Which effect of increased specialisation by firms and workers is most likely to cause problems for an economy?
Which statement is correct when comparing small firms with large firms?
Which pair is included in a government's budget?
The table shows the rate of income tax paid at different income levels. level of income $ | rate of income tax % 30000 | 20 40000 | 30 50000 | 40 W...
A central bank reduces interest rates. What would not be a consequence of this action?
The diagram shows a country's economic growth rate over a 5-year period. [Figure 19.1] What can be concluded from the diagram?
An individual decides to employ a professional decorator rather than buying the materials and decorating her house herself. Why would this decision...
What is the definition of the unemployment rate?
What is most likely to cause inflation?
The table shows changes in economic growth and inflation. Which changes are likely to be the result of rising unemployment?
The table shows the percentage changes in earnings and consumer prices for four countries in one year. Which country is likely to have experienced ...
What is included in the Human Development Index (HDI)?
A fall in the level of absolute poverty can be best achieved by reducing
The table shows some details from a country's balance of payments. The country has no secondary income (current transfers). item | $ million export...
Vietnamese companies buy insurance from companies in the US. How will this transaction be recorded in the Vietnamese balance of payments?
What is a restriction on the quantity of imports called?
Which combination of factors would attract a multinational company (MNC) producing smartphones to operate in a low-income country?
Read the source material carefully before answering Question 1. Source material: Bank mergers Nigeria and US fact file | | Nigeria 2019 | US 2019 ...
The economic problem results in choices and opportunity cost. People have to decide what job to do and where to live. In recent years Australia has...
In 2019, Russia had an unemployment rate of 4.6%. Russia experienced full employment in the past. Its government wants unemployment to be lower. In...
Advances in technology have changed how trees (wood) are cut down, transported and used in the manufacture of furniture, such as tables. Wood is in...
While 15% of US exports go to Mexico, 80% of Mexico's exports go to the US. In 2019, the US government imposed some methods of protection to reduce...
Which statement is correct?
The economy of country X is always on its production possibility curve (PPC). When will the goods and services produced by country X become more sc...
What is capital?
What are features of a market economy?
Public transport and cars are substitute goods. The price of public transport rises. What will happen to the demand for cars?
The markets of four products are all in equilibrium. The table gives the value of the price elasticity of supply (PES) for each product. The demand...
What is the value of the price elasticity of demand (PED) for a product if total revenue remains the same when the price is reduced?
The owner of a hotel in Malaysia finds that the price elasticity of demand (PED) for accommodation in the area is –1.7. If the hotel owner decrease...
Good weather results in an increase in the demand for tomatoes. It also increases the supply of tomatoes. What must be a result of this?
What causes a change in the price of a product in a free market economy?
The ways of making and receiving payments continue to develop. Payments can now be made using smartphones, as well as cash, debit cards and credit ...
What is not a reason for differences in the earnings of airline pilots in a particular country?
An airline takes over an online clothing company. What is an advantage of such a move by the airline?
In which type of industry is a firm most likely to make a large profit in the short run and in the long run?
A firm produces five units of output at an average cost of $20 per unit. The cost of the sixth unit is $26. What is the average cost of six units?
What is an example of government macroeconomic policy?
Why would devaluing the international value of an economy's currency help reduce unemployment?
What is not a supply-side policy measure?
The table shows the real GDP per head for a country in 2021 and 2022. What is most likely to have changed between 2021 and 2022?
Which change to fiscal policy is most likely to reduce cyclical unemployment in an economy?
What must have happened in a country when it experienced an annual rate of inflation of 100%?
The Human Development Index (HDI) can be used to measure human development in countries. Which measure would not be part of its calculation?