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.
The table shows a firm’s average revenue and average cost. What level of output, A, B, C or D, gives maximum profit?
If a perfectly competitive market becomes a monopoly, what will be likely to increase and what will be likely to decrease?
What would be most likely to reduce the rate of inflation?
A government decides to sell to a private firm its monopoly supply of gas to households. How could the government protect the interests of househol...
Why are schools sometimes built and run with government money?
Changes in demand mean that the government of Bangladesh hopes to switch some production from clothes made by low-paid, unskilled workers to medici...
A country has a tax system which places no tax on incomes below $5000, is proportional on incomes between $5000 and $10 000 and is progressive on i...
The following are a government’s receipts from taxation. What is the total amount of revenue raised by direct taxes?
An increase in which of the following is least likely to cause inflation?
Why might an increase in employment reduce a country’s productivity?
Between 2009 and 2010, an economy grew by 2.1%. What is most likely to have increased during this period?
A country experienced its usual yearly increase in the rate of unemployment. Unfortunately this was followed by the loss of jobs resulting from the...
A government has a target of keeping inflation between 2% and 3%. The diagram shows the rate of inflation over a four year period. What can be dedu...
After more than 70 years of production, a German car manufacturer, Volkswagen, has decided to locate the production of its biggest selling car in d...
What is usually a characteristic of a developed country?
What is most likely to be found in both developed and developing economies?
The charts show the population structure of a country in 1950 and 2010. What decreased between 1950 and 2010?
What is an advantage to a country of free trade?
The diagram shows the value of exports and imports of goods of a country in five years. Between which two years did the country have an increase in...
Which factor would cause a country’s exchange rate to fall?
A tractor factory runs out of important components and has to stop production. How does this illustrate the economic problem?
The diagram shows a production possibility curve for digital televisions and CD players. [Figure 2.1] Which movement shows an increase in the use o...
Which group linked to a firm always bears the risk of the decision to produce?
In a pure market economy, which secondary factor determines the distribution of goods and services?
There are a fixed number of seats at a concert. Most of the audience would continue to attend even if the seat prices were increased. Which demand ...
Maize and fuel are used in the production of Mexican tortillas. In 2010 Mexico produced a record maize crop but in 2011 rises in the price of fuel ...
When the price of shirts rises from $8 to $10, the demand for shirts falls from 1000 to 500. What is the price elasticity of demand for shirts?
What is a likely reason why many countries' governments subsidise scientific research?
When the price of a good doubles the demand falls by less than half, and the revenue received by the seller increases. What does this suggest about...
When is the market system not used to allocate resources?
The use of a mobile (cell) phone to make payments is an example of which function of money?
What is most likely to cause a person to save a larger proportion of their weekly income rather than spend a larger proportion of their weekly income?
Which of the following is most likely to limit wage increases in an industry?
Although car production is based on specialisation, fewer workers are employed than 20 years ago. What might be the reason for this change?
Differences in earnings between higher paid and lower paid jobs have widened in developed countries. What is the most likely reason for this?
Which characteristic relates to perfect competition and which to monopoly?
Which of the following is an internal diseconomy of scale?
Cocoa and sugar are used in a factory to produce chocolate. What is a fixed cost in the production of chocolate?
The multinational Indian Tata Group, which has companies in chemicals, consumer goods, engineering and communications, has been buying foreign comp...
The table shows the costs of a firm. [Table 22.1] What is the value of the firm's fixed costs?
A government wishes to use a fiscal policy measure. What could it do?
What is the most likely result of an increase in interest rates?
What is most likely to be the responsibility of a central government?
In the first six months of 2011 a construction company, Morgan Sindall, saw its profits fall. Part of the reason was the increased competition from...
The graph shows the impact of a tax on the supply of petrol (gas). [Figure 27.1] What can be concluded from this graph?
A government wants to reduce basic food prices without making the current account of the balance of payments worse. What should it do?
In developed economies there are changing patterns of employment. What explains why fewer work in agriculture but food production has increased?
The table gives information about some economic indicators in a number of countries. [Table 31.1] What may be concluded from this information?
A price index is used to compare retail prices from one year to another. In 2001 the retail price of a litre of oil was $0.50. Using 2001 as a base...
What is most likely to cause a reduction in the rate of inflation?