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.
Read the source material carefully before answering Question 1. Source material: The Belarus economy Belarus fact file 2021 Number of cars produc...
Luxembourg is a country with a high level of economic development. Its government intervenes in an attempt to overcome some of the disadvantages wh...
Some people in Indonesia play tennis. However, badminton is Indonesia’s favourite sport. The equipment needed to play it, including badminton racqu...
Davos is a ski resort in Switzerland famous for hosting a world economic conference for leaders from both private and public sectors. Topics discus...
In 2021, the central bank of Turkey cut the interest rate on four occasions. This was despite the country’s inflation rate rising from 15% at the s...
A government wants to build a new hospital. What is most likely to prevent the government from doing this?
Which term describes the loss of potential benefit to a consumer when making a choice between alternatives?
A country is producing at point X on its production possibility curve (PPC) which shows how it can allocate its production between capital goods an...
Which combination gives correct examples of macroeconomics and microeconomics? [Table 4.1]
The diagram shows the supply and demand curves for a good. The initial market equilibrium is given at point E₁. There is a change in the market tha...
The diagram shows the demand curve for a good. What can be concluded about a single downward-sloping demand curve? [Figure 6.1]
When the price of butter increased by 10%, the quantity supplied of butter increased by 20%. What is the price elasticity of supply (PES) of butter?
How are economic decisions determined in a market economic system?
A bridge is built over a river which enables journey times to be reduced. The table shows costs and benefits of building the bridge. Which calculat...
What is not a role of the central bank?
The table shows the proportion of disposable income spent on three different goods by four different households. Which household is likely to have ...
How might a trade union increase its bargaining power?
To be able to produce a car tyre, rubber is required. If a car tyre manufacturer merges with a supplier of rubber, which type of merger is this?
A government imposes tariffs on imported goods. What is not a likely reason for this?
A government collects the following revenue in a year. What is the amount of indirect tax revenue? [Table 18.1]
Which policy measures would be classified as fiscal policy?
What is the most likely result of a fall in interest rates?
What does a successful supply-side policy increase in an economy?
In one particular year, South Sudan's population growth was 1.3% while its GDP growth was 2%. What is the most likely consequence of this?
What are the correct definitions of unemployment and employment relative to the number of people of working age? [Table 23.1]
The graph shows changes in the average price level. When did the country experience deflation? [Figure 24.1]
In many high-income economies, increasing income inequality has led to greater levels of poverty. Which combination of policies would aim to reduce...
A country has a falling birth rate and a rising death rate, while an increasing number of its working age adults (16–60 years) are seeking employme...
An economy raises its tariffs on imported goods. What is the most likely result?
Which combination of changes in export revenue and import expenditure is most likely to cause a country's exchange rate to depreciate? [Table 29.1]
A government wishes to reduce the deficit on the current account of its balance of payments. Which policy should it adopt?
What is least likely to increase the geographical mobility of labour?
Which value does opportunity cost measure?
What is not a function of prices in a market economy?
The table shows the market schedule for good X. If the quantity supplied increases by 50% at each price, what will the equilibrium price and quanti...
The price of fish has increased from $3.00 to $4.80. The quantity supplied of fish has increased from 100 units to 130 units. What is the price ela...
Which combination shows features of the mixed economic system?
The diagram shows the equilibrium price for bread. What will be the short-term effect if the government sets a maximum price below $5? [Figure 9.1]
Why do banknotes function as money?
Worker X earns less than worker Y. What is most likely to be true of worker X?
What would increase the strength of a trade union?
The size of the domestic car industry in Japan has enabled Japanese car producers to be more price competitive than rival car producers. What is an...
The table shows the output of cakes from four bakeries, A, B, C and D. Which bakery has the highest labour productivity?
What would make the existence of a monopoly market more likely?
Which role is not performed by a government?
A government has stated for the next year it has four main aims. 1 low and stable inflation 2 providing subsidies to farmers 3 raising productivity...
What is not likely to be included in a government budget?
Which combination of policy measures is most likely to increase total demand in an economy?
Which supply-side policy measure would most likely cause the greatest increase in labour productivity in a country?
How is economic growth of a country measured?