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 most likely consequence of an ageing population for a high-income economy?
In some developing countries a large percentage of the population is involved in subsistence farming. What can be concluded from this?
A small country whose only export is oil decides to reduce substantially the rate at which it extracts its limited oil reserves. What is the most l...
Country X believes that country Y is selling steel at prices below the average cost of production. So, country X imposes a higher tariff on steel i...
Which factor would cause a country's exchange rate to fall?
Many European firms employ workers from the Philippines. These workers send part of their income to relatives in the Philippines. In which part of ...
A consumer has $10 to spend. A meal costs $9 and a drink costs $5. What would describe the situation if the consumer did not have enough money to p...
Which type of factor of production is a railway track?
Which statement must be correct if a market is in disequilibrium?
What is a determinant of price elasticity of demand (PED)?
What would cause the supply curve for an agricultural product to shift to the right?
What would increase the price elasticity of supply (PES) of a product?
The diagram shows a demand curve. [Diagram] What does the movement from X to Y show?
In a market there is a surplus of a good. Which change would cause the market to come to an equilibrium?
When the price of a good is $10, the quantity demanded is 100 units per day. Which combination of price change and price elasticity of demand will ...
A function of money is to act as a measure of value. What does this mean?
In 2008–2009 the central bank of a developed country reduced interest rates from 5% to 0.5% per year to stimulate the economy. How would this polic...
Many small energy providers have closed down due to rising costs. What is the likely effect of this on the price of energy and choice of energy pro...
What is the most likely goal of a state-owned enterprise providing health services?
Some governments allow monopoly markets to exist. What is a reason for this?
The table shows the costs incurred by a firm producing computers. output (thousands): 0, total costs ($ thousands): 20; output (thousands): 1, tota...
A government increases its revenue by higher direct taxation of both personal incomes and company profits. What is most likely to be the reason for...
Income tax in a country gives all individuals an initial tax-free income allowance. Any income above this allowance is taxed at increasing rates as...
What is a supply-side policy measure?
What is the most likely consequence of economic growth?
In high-income economies, cereal farming is highly productive but few workers are employed. What could have caused this employment situation?
Which combination would be most likely to increase the population of a country?
Which economic consequence is most likely to result from an increasing proportion of the population being over the age of 65?
Country X established free trade agreements with other nations. What would be the intended benefit of such agreements to country X?
A country’s foreign exchange rate appreciates significantly. Which group in the country will directly benefit from this change?
What is measured in the secondary income balance in a country’s current account of the balance of payments?
Read the source material carefully before answering Question 1. Source material: Will Honduras become a more successful economy? Honduras fact file...
Botswana uses both capital goods and labour in its diamond mining industry. The country had an average economic growth rate of 3.8% between 2015 an...
In 2020, some firms in Suriname, a South American country, stopped production. This was because the firms could not cover their variable costs, as ...
In the US, the supply of meat from emus, a large bird, is price-elastic. Recently, US farmers have switched to keeping other livestock and growing ...
In 2020, Singapore experienced a decrease in both its population size and its labour force. 2020 was a year of great change in a number of Singapor...
Read the source material carefully before answering Question 1. Source material: Changes in the economy of Montenegro Montenegro fact file 2020 Pop...
In 2019, Mozambique was hit by a serious storm which destroyed bridges, factories, roads and electricity lines. Almost 60% of Mozambique's populati...
Saudi Arabia's economic system may change in the future. The country's central bank is dealing with more private sector banks. In 2020, the populat...
People in Ecuador buy products using a variety of forms of money. The Ecuadorian government pays public sector workers' wages directly into their b...
In 2020, Paraguay's Consumer Prices Index rose by 3% and its foreign exchange rate fluctuated. Each year Paraguay experiences net emigration. Peopl...
Which economic question is least likely to arise as a result of scarcity?
What is opportunity cost?
The diagram shows a production possibility curve (PPC) for an economy that produces two goods, X and Y. Which point shows the greatest opportunity ...
A period of bad weather leads to a failure of the rice crop. What is the effect on the market for rice?
The diagram shows a change in demand for coffee. What would cause the demand for coffee to change from D₁ to D₂?
The table shows the supply for a product at different prices. If the price changes from $12 to $14, what will be the change in supply?
Which changes would move the equilibrium in the diagram from point X to point Z?
What is an important role of a central bank?
How would a change in the demand for labour affect the labour market in an occupation?