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.
In some developing countries the agricultural sector employs the majority of the working population. However, the countries cannot produce enough f...
The table shows the percentage share of GDP held by the richest 20% and poorest 20% of the population in each country. [Table 35.1] Which country h...
On 17 October 2006, the US population reached 300 million and was predicted to increase to 400 million by 2043. Which change would mean that the US...
What is most likely to be an indicator that a country is a developed economy rather than a developing economy?
A country experienced a deficit on its trade in goods, income and current transfers. Overall, it had a surplus on the current account of its balanc...
What is thought to be a benefit of global free trade?
The table gives the retail price of a product in four countries in 2012. [Table 40.1] What is needed to make a clear comparison of the price in the...
A power station was built to provide electricity to rural villages in Namibia. What was its opportunity cost?
Using all available resources, an economy produces different combinations of two types of goods, clothes and food, shown by the production possibil...
What is most likely to reduce the supply of factors of production in an economy?
The government of a developed country subsidises local private businesses, and encourages large foreign companies to locate in the country. Which t...
What would cause a movement down the demand curve for cars?
An area attracts tourists to see rare animals but the tourists have few hotels in which to stay. The local government has given permission for a de...
Russia is the world's third largest exporter of grain but much of the country's farmland was damaged by fire in 2010. How would this be represented...
Why are unskilled workers paid less than skilled workers?
Between 2009 and 2010 the number of potential jobs for qualified law students fell by 16%. During the same period the total number of applicants fo...
A trade union is negotiating a wage rise for its members. What will increase the chance of the wage rise being granted?
Which type of economy of scale results from a firm producing a diverse range of products?
A market changes from perfect competition to monopoly. What is likely to happen in this market?
The diagram shows the fixed costs, variable costs and total costs of a firm. [Figure 14.1] Which distance represents the firm's fixed costs?
When it produces 100 units, a firm's total variable cost is $300 and its total fixed cost is $2700. What is the average cost?
Which are two aims that a Government normally pursues when managing the performance of the whole economy?
The Mexican government has passed a law which prevents any monopoly charging a price significantly above its production costs. Any monopoly that br...
Governments aim to encourage stable prices because inflation can result in a current account deficit on the balance of payments. How does high infl...
A government collects the following revenue in a year. $m taxes on goods 30 taxes on income 500 taxes on services 20 customs and excise duties 50 W...
What is the definition of inflation?
It was reported in 2011 that an economy had negative economic growth for six months in a row. What would be evidence for such a situation?
The diagram shows the rate of unemployment and the periods of recession in Britain between 1978 and 2012. [Figure 22.1] What can be concluded from ...
In which case is success for the government in achieving the first aim likely to cause problems in achieving the second?
Which statement about poverty is correct?
Developing countries often wish to prevent the population in rural areas moving to the towns. Investment grants are given to companies if they set ...
The table shows data collected in 2010 for the average number of children a woman gave birth to and the education she received during her lifetime....
The table gives information about four countries. Which country has the lowest standard of living?
The Sri Lankan government decides to offer financial support to local firms. Of what is this an example?
In 2012 the UK held the Olympic Games which attracted a large number of visitors from foreign countries. Which item of the UK's current account bal...
Countries in Europe were in a recession in 2012. Usually a recession would mean oil prices fall. In fact in 2012, oil prices rose. Which internatio...
What is the cause of economic scarcity?
How is an immediate effect of an increase in unemployment illustrated on a production possibility curve diagram?
What is a factor of production?
A supply curve shows the link between the quantity supplied and
Which headline could apply to a mixed economy but not a free market economy?
In 2012 the local government of a city decided to increase parking charges for motorists. It was intended to raise money to correct a deficit in th...
In 2011 the US Government declared that the country must increase the manufacture of fuel from crops such as corn that have previously only been us...
In a particular industry, male workers on average are paid more than female workers. What might explain this?
In South Africa, the rate of consumer spending is relatively high compared with other developing countries. However, the unemployment rate is high ...
When a shoe manufacturer doubles all factors of production output more than doubles. Which economic concept does this illustrate?
Which market conditions apply to firms that operate in perfect competition and which to a monopoly? [Figure 13]
The diagram shows the fixed costs, variable costs and total costs of a firm. [Figure 14]
Which policy is an example of an expansionary monetary policy?
What is not a public sector expenditure?