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.
Meera has just finished a course at art college and has decided to set up a business producing clay figures of famous people. Which factors of pro...
The demand curve in the diagram shows the relationship between the number of car journeys and the cost of a car journey. [Figure: Demand curve for...
The diagram shows the market for milk. Two conditions change. The cost of catt sharply and this is followed by the government raising the tax on ch...
If the elasticity of demand for a commodity is unity, an increase in its price will
The table shows a consumer's expenditure on a range of goods at different levels of income. For which good does the consumer have an income elasti...
What might cause a market supply curve to shift to the right?
The diagram shows four different straight line supply curves. [Figure: Graph with price vs. quantity, showing supply curves S₁, S₂, S₃, S₄]
The diagram illustrates the effects of placing a specific tax equal to JM on a good. [Figure: Supply and Demand graph with two supply curves S1, S...
What is consumer surplus?
In a market for a good both demand and supply change at the same time. Which combination of changes would enable an economist to predict with conf...
The existence of a positive externality is possible when
A firm opens a new factory on derelict ground on the outskirts of a town. What will be included among the externalities arising from the opening o...
A firm owns a bridge and charges all vehicle users who cross it. How might the charge be classified?
The table shows the results of a cost-benefit analysis into the building of a new airport. [Table showing costs USm and benefits USm for private a...
In the diagram, the initial quantity traded was Q and the price was P. [Figure: Supply and Demand graph with initial price P and quantity Q, then ...
The table shows the output of cars and televisions per worker per week befor specialisation. [Table showing output per worker per week for cars an...
A country produces washing machines. The government lowered both the tax on washing machines produced in its country and the quota on imports of fo...
The diagram shows the effect on the quantity of an import to the domestic market on of a tariff that reduces the import's price to P1. [Figure: Ma...
A group of countries join together to form a single market with a single common currency. Which term best describes the resulting organisation?
The table shows the unemployment rate and the size of the labour force in four count Which country had the highest number of people in employment ...
The diagram shows an economy's aggregate demand curve and two short-run aggregate supply curves. [Figure: Aggregate Demand and Supply graph showin...
The table shows a country's rate of inflation for four years. [Table showing year and rate of inflation % for 2009, 2010, 2011, 2012]
What is not a possible cause of cost-push inflation?
What would lead a country to move from a surplus to a deficit on the current account of the balance of payments?
What determines the purchasing power parity of a currency?
With an exchange rate of 5 Egyptian pounds (EGP) = 1 US dollar (), an American in Egypt for EGP 100. Assuming that the dollar price remains unchan...
The US Central Bank raises its interest rate to improve its balance of payments position. The diagram shows the resulting changes in the demand for...
In 2013, there was much criticism of a government project to build a new high-speed rail link between two cities. What is the most likely reason fo...
The transition of the former Soviet Union from a planned economy towards a market economy was accompanied by a reduction in the proportion of incom...
Three women work in a pottery workshop, each dividing their time equally between three products. The table shows how many units of each product are...
The diagram shows a demand curve for a good. [Figure 5.1] Which statement describes the nature of this demand curve?
Assume that Tiger Woods, a famous golfer, announces that his final golf appearance will be at the next US Open Tournament. How might this affect th...
A survey into the market for good X found that it is an inferior good and a close substitute for good Y. Which values for the income elasticity of ...
The diagram shows the demand curve for a product with unitary price elasticity. [Figure 8.1] What will happen with such a curve?
The diagram shows the effect on the market for rice of a change in government policy that causes a shift in the supply curve from S to S₁. [Figure ...
The price of a firm's product rises by 12%. After one week the firm is only able to produce the same quantity but after one month it can increase t...
Many people used to smoke in restaurants. Restaurant owners have found that the reduction in smoking caused by a tax on cigarettes has decreased th...
S₁ and D₁ show the original supply and demand curves for cola. Point X is the initial equilibrium. What will be the new equilibrium position follow...
What is an example of an externality?
The table gives the estimated costs and benefits of a proposed new leisure complex. [Table 15.1] What is the estimated value of the social benefits...
The production of what is most likely to require a government cost-benefit analysis?
A national museum charges an entry fee for admission. Which combination of rival and excludable qualities would apply to visits to the national mus...
The diagram shows the effects of placing a unit tax equal to AB on a good. [Figure 18.1] Which area represents the burden of tax paid by the producer?
Below are production possibilities for two countries showing their daily production of food and drink, each using the same quantity of resources. [...
How might trade protection reduce a country's ability to compete in export markets?
What is found in an economic union but not in a customs union?
The table shows the balance in $million for four items in a country's current account for two years. [Table 22.1] What can be concluded about the c...
Company X reduces its workers from 250 to 200 and as a result its output decreases from 5000 to 4800 units per day. Company Y increases its workers...
In 2012, a survey of household expenditure identified X and Y as the contents of a basket of goods for a price index. The value of the index in 201...
In an economy with an interest rate of 4% per annum, the rate of inflation falls from 5% to 3% per annum. What will be a benefit of this fall?