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 diagram shows changes in the numbers employed in four different industries between 2002 and 2007. What can be concluded from the diagram?
The average consumer divides his expenditure between food, accommodation and clothing in the ratio 5:3:2. During the course of a year, the price of...
Which statement about inflation is correct?
The table shows a country's rate of inflation for four years. What fell between 2005 and 2008?
When is a deficit on the current account of the balance of payments likely to worsen?
What would identify a country with a balance of payments disequilibrium?
The table shows the number of Jamaican dollars which exchanged for one unit of selected currencies in June and July 2001. What might be concluded f...
Following a long period of depreciation of the US, both the US and UK monetary authorities raised their domestic interest rate. What will happen to...
In a command economy, what is the basis for determining the allocation of factors of production?
What distinguishes capital from other factors of production?
What is likely to be greater in a planned economy than a market economy?
Which is a normative statement?
What is consistent with an individual demand curve that slopes down from left to right?
What will cause the demand curve for domestically produced cars to shift to the left?
The diagrams show changes in the market for a good. Which diagrams represent ‘a change in the quantity demanded'?
The diagram shows the demand curve for a product with unitary price elasticity. What will happen with such a curve?
In the diagram D and S are the demand and supply curves of a good. What could cause the supply curve to shift in the short run to S₁?
A refinery which processes oil into petrol (gas) is faced with the following conditions. 1 It is working at full capacity. 2 Its petrol storage tan...
The table gives estimates of the price elasticities and cross elasticities of demand for travel. What would be the change in the volume of rail tra...
The diagram shows the demand and supply curves for a good. The government fixed a maximum price of OP₁. What would this have achieved?
Global stocks of cod are currently under threat due to over-fishing whilst there are ample supplies of the less popular Alaskan pollock. How might ...
The table shows some of the costs and benefits at a given level of production of a good. What is correct at this level of production?
The consumption of a good generates external benefits. Its market equilibrium is E. Which diagram shows the change in the equilibrium (E to E₁) nec...
What is an advantage, rather than a disadvantage, of cost-benefit analysis in deciding on a government investment project?
What is a distinguishing feature of a public good that is not found with private goods?
In the diagram S and S₁ are the supply curves for an agricultural product in years 1 and 2 respectively. D is the demand curve in years 1 and 2. In...
Each diagram shows the production possibility curves of two economies, X and Y, which produce food and clothes. In which diagram would both economi...
An argument against trade protection is that it will increase
A country's terms of trade currently stands at 150 (base year 2000 = 100). Since 2000 the average price the country has received for its exports ha...
A government wishes to present its final balance of payments account. It has calculated the current account balance, the capital account balance an...
The table shows inflation rates, unemployment rates and changes in money wage rates between 2008 and 2009 for a number of countries. What can be co...
The diagram compares the inflation rates of Paraguay and Argentina between 1950 and 2005. What can be concluded about inflation rates in the two co...
Over a period of a year, the annual rate of inflation falls from 10% to 6%. Which statement is correct?
A Japanese company builds a factory in the UK to supply both the UK market and the market in the rest of Europe. What is likely to be the long-run ...
A country experiences changes in the value of its exports and imports of goods and its inflow of incomes and transfers. These are shown in the tabl...
What is likely to happen if there is a rise in the international value of a country's currency?
The table shows observations of the exchange rate of an economy and its current account balance over six years. Which concept does the data in the ...
The diagram shows the exchange rate for the UK£ in terms of the US$. The original exchange rate is at E. What will be the new exchange rate equilib...
The diagram shows the production possibility curves of two economies, X and Y. Which statement about the two economies is correct?
What is a characteristic of a planned economy?
In the diagram, JK is an economy's production possibility curve. [Figure 2.1] What could cause the curve to shift to GH?
The growing domestic, agricultural and industrial demand for water is leading to a world shortage of water. Which change would reduce this problem ...
What is considered as money if money is defined as anything which is always accepted for paying goods and services? [Figure 4.1]
What is a market demand curve?
The table gives the short-run supply schedules of three firms X, Y and Z, which comprise an industry. [Figure 6.1] Which is a point on the short-ru...
The diagram shows the relationship between total expenditure and price for three products, 1, 2 and 3. [Figure 7.1] Which curves represent the prod...
The table shows the quantities demanded (Q) of goods X and Y corresponding to different prices (P) of the two goods. [Figure 8.1] Within which rang...
The diagram shows the demand and supply curves of a commodity before and after a tax is removed. [Figure 9.1] What is the tax per unit of output an...
The demand for a good falls at the same time as its costs of production decrease. What will be the combined effect of these changes on the price an...
The diagrams show a change in demand from D₁ to D₂ and a change in supply from S₁ to S₂ for four different goods. [Figure 11.1] Which diagram illus...