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 the maximum amount three students would each be willing to pay for a taxi to take them home from a night club. [Figure 12.1] Assume...
The diagram shows the demand and supply curves for parking spaces in a hospital car park. [Figure 13.1] The managers decide to rely on the price me...
Which statement is correct?
In deciding whether to invest in a new project, what would be taken into account in government cost-benefit analysis but not by a private company?
Why does the production of public goods have to be financed by the government?
In the diagram, D is the demand curve for an agricultural commodity and S₁ is the initial supply curve. [Figure 17.1] A good harvest causes the sup...
The diagram shows the market for spectacles. Initially the market equilibrium price is P₀ and quantity Q₃ is bought and sold. [Figure 18.1] The gov...
A country has a comparative advantage in producing spices. Why may it choose not to specialise in spices?
The diagram shows the production possibility curves for two countries, X and Y. [Figure 20.1] A decrease in productivity moves country X's producti...
Which statement about the impact of a tariff and a quota is correct?
A firm borrows money from a bank based abroad in order to pay a lower rate of interest than is available from banks in its own country. Which two p...
Which change would directly reduce the size of a country's labour force?
The figures show the Consumer Price Index (CPI) of a country. (1990 = 100) [Figure 24.1] What can be deduced from the data?
A country experienced a significant fall in unemployment but its inflation rate remained low. What could explain this?
A country has a fixed exchange rate. What is likely to result in an improvement in its balance of payments?
A government decides to reduce the quota on imported cars from 2000 to 1000 per year. What is likely to happen?
A representative basket of goods costs $2500 in the United States. The same basket of goods costs £2000 in the UK. What can be deduced from this?
In the diagram D₁ and S₁ are the initial supply and demand curves of the pound sterling in foreign exchange markets. [Figure 29.1] What will cause ...
The currency of a country is fixed by the Central Bank at a certain value in terms of US dollars. If currency devaluation is not possible, which po...
A government minister states that the main economic benefit of locating a new coastal region is the 500 jobs it will create. What does this stateme...
The diagram shows two production possibility curves (EF and GH), before and after technological progress has taken place. After technological progr...
The table shows indicators for four countries undergoing a transition to a market economy. Which country has achieved the most indicators of a succ...
A kitchen manufacturer wanted to become more efficient. It decided to move to estate and to increase the division of labour in the manufacture of i...
What will cause a shift in the demand curve for a computer?
If the price of maize rises, the quantity of maize demanded should fall. If the demand for maize decreases, the price of maize should rise. What ca...
When the supply of a good decreases, equilibrium price stays the same. What is the price elasticity of demand of the good?
A product is an inferior good with no close substitutes. It is also a complement to goo Which product matches the above description? [Table with co...
A supply curve is represented by the equation, quantity supplied = 10 + 5P, where P = the price of the product. Which price rise would cause the qu...
Firm Z is one of a number of firms producing televisions. What would cause firm Z's supply curve to shift to the left whilst the market supply curv...
A country's government announces that the penalties imposed on those found guilty of supplying an illegal drug to others are to be increased but th...
A specific tax is placed upon each bottle of perfume sold. In the diagram, SS is the before tax, S₁S₁ is the supply curve after tax. Which area rep...
The diagram shows the change in the number of passengers when a company reduces the fare for a train journey from OP₁ to OP₂. Which areas measure t...
Which is not an example of an externality?
A government decided to approve a private airport-building scheme because it was socially beneficial. In making its decision it calculated private ...
A tax on a product is removed causing supply to increase from SS to S₁S₁ as s diagram. What effect does the move have on government tax revenue and...
Which type of government intervention runs the risk of causing shortages?
In the diagram, D is the demand curve of an agricultural commodity and S is the curve. The government promises to maintain farmers' incomes at leas...
The table shows the costs of producing a unit of food and a unit of clothing in countries X and Y, expressed in the currency of each country. The e...
What is the most likely aim of a government that increases the level of tariffs on imported manufactured goods?
What is a characteristic of a customs union but is not of a free trade area?
Since 2000 a country's export prices have increased on average by 50% and its import prices by 25%. What is the current figure for the country's te...
The table gives details of the unemployment rates and expenditure on unemployment benefits for the United Kingdom in 2007 and 2009. What can defini...
The exchange rate of the Mexican peso against the US$ changed from 10 pesos = 1 US$ to 9 pesos = 1 US. During the same period, the general price le...
The table shows an index number of prices between 2009 and 2012. In the base year of 2008, inflation was 2% per annum. What was the first year in w...
What will be the probable effect of an increase in indirect taxes on demand-pull inflation and on cost-push inflation? [Table with columns: demand-...
When is a balance of trade deficit likely to be considered a particularly difficult problem for a country?
The graphs show the changes in the exchange rates of the £ sterling against t against the euro. The exchange rate of sterling against the euro is s...
In spring 2011 the US$ exchanged for 81.6 yen. In spring 2012 the US$ exchanged for 76.1 yen. What would be expected to rise for the United States ...
By 2030, as the human population grows, the world will need at least 50% more foo energy and 30% more water from the same resources. What does thi...
A country was at point P on its production possibility curve. Following the threat of invasion it prepared for war. The war then reduced the countr...