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.
A country experiences a significant fall in unemployment. What is a possible advantage and a possible disadvantage of such a fall?
A country's Consumer Prices Index (CPI) falls from 120 to 110 in a year. What will be a likely effect of this fall?
The population sizes of four countries, A, B, C and D, are all equal. Which country is most likely to have the highest population growth, given the...
Which combination of characteristics would be found in a less developed economy?
What is a likely benefit of increased national specialisation?
What is not a likely benefit of free trade?
Which combination of changes would definitely raise the price of the Pakistani rupee on the foreign exchange market?
What is a likely government policy to reduce a deficit on the current account of the balance of payments?
Read the source material carefully before answering Question 1. Source material: Labour shortages in Japan Japan fact file 2022 Population 125m Tot...
Some markets in Belgium are in equilibrium. The country produces a wide range of goods and services with different degrees of price elasticity of d...
In April 2023, a French cosmetics firm merged with an Australian cosmetics firm. It is expected the merger will lower average total cost as the new...
There are several policy measures a central bank or government can use to reduce unemployment. One policy measure a government could use to reduce ...
Some countries engage in dumping by selling their products at less than cost price in Cambodia. The Cambodian Government wants the country to becom...
Read the source material carefully before answering Question 1. Source material: Changes in the Malawian economy Malawi fact file Population Perc...
A Swiss multinational food manufacturer increased prices for its products by an average of 8% in 2022. It increased its prices in the USA by 11.6%....
Central banks influence their countries' money supply. Central banks also regulate commercial banks. Households benefit from these commercial banks...
The Central African country Chad has a triangle-shaped population pyramid and a high level of poverty. It regularly has an overall deficit on the c...
In 2023, the Canadian Prime Minister said that his country's aim was to increase immigration to half a million a year. This was because the country...
An individual has an appointment with his bank manager. He has a choice between travelling to the appointment by car, or leaving the car at home an...
What confirms that scarcity exists?
The diagram shows the production possibility frontier of a desert island economy where the inhabitants live off just two commodities, coconuts and ...
In 2014, there was an outbreak of ebola, a deadly disease, in West Africa. People obtained information from hospitals, radio broadcasts and notices...
A rise in the price of a good is accompanied by an increase in the quantity demanded. What could explain this?
What causes the demand curve for an inferior good to shift to the right?
In a town, bus fares fall by 50% and this leads to an increase in bus use by 30%. The effect on car use is very low with only a 1% reduction. What ...
In the diagram the rectangular hyperbola, DD, represents a firm's demand curve.
What is price elasticity of supply?
The demand for tablets increases, while the cost of producing them decreases. What will be the effect on the price of tablets and on the quantity s...
A specific tax is placed upon each bottle of perfume sold. In the diagram, SS is the supply curve before tax, SS₁ is the supply curve after tax.
In which market would equilibrium not be achieved at point E if price were above Op?
A company opened a garden to the public and charged for entry. The government then provided a grant to improve the garden on the condition that ent...
The diagram shows the percentages of those on low pay and those on extremely low pay in the UK from 1976 to 2012. A national minimum wage was intro...
A 10% tax is placed on a good. What type of product would be most likely to face the biggest impact on its equilibrium price as a result?
In 2009 the Australian government made a payment of $900 to those who earned less than $100000 per year. How would the effect of this transfer paym...
The diagram shows the market for wheat.
As part of a privatisation policy, a government deregulates bus services and sells off its public sector bus services to the private sector. What i...
A government decided to reduce income tax and increase sales tax. The initial equilibrium point is shown by X on the aggregate demand (AD) and aggr...
The table gives data for an economy. 2010 2011 2012 2013 2014 Gross Domestic Product (GDP) at current prices ($ billion) 200 220 240 300 320 GDP d...
What always happens when there is an increase in the Consumer Price Index?
What would identify a country with a fundamental balance of payments disequilibrium?
At present, one unit of a country's currency exchanges for US1.20. The country aims to set its exchange rate at US1.00. Which combination of govern...
The diagram shows the exchange rate for the UK£ in terms of the US$. The original equilibrium exchange rate is at X. What will be the new exchange ...
A country's terms of trade increased from a base year value of 100 to 120 in the following year. If export prices had increased by 50%, what was th...
In each country, P and Q, one person can either produce the quantity of X or the quantity of Y shown. In which case does country P have absolute ad...
A government removes the tariff on a product as shown in the diagram.
What would be increased by an expansionary fiscal policy?
Possible policies a government might use to reduce a deficit on the current account of the balance of payments include devaluation, government spen...
In March 2014, Sweden had a change in its Consumer Price Index of -0.6%. Which combination of policies might the government use to restore price st...
The diagram is from a chapter on ‘The Economic Problem' in an Economics textbook. It should contain the terms opportunity cost, scarcity and choice...
What is most important for the effective operation of the division of labour in a modern economy?