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.
Which statement about changing price levels is correct?
Which combination of events is most likely to cause inflation? [Figure 21.1]
The table gives information about the trade between Singapore and New Zealand during 2001, the first year after they signed a free trade agreement....
Country X conducts 60% of its trade with country Y and 40% of its trade with country Z. The initial value of the trade weighted exchange rate index...
In the diagram D₁ and S₁ are the initial supply and demand curves of the pound sterling (£) on the foreign exchange markets. [Figure 24.1] What wil...
The table shows the ability of two countries, P and Q, to produce two goods, Y and Z. [Figure 26.1] Which statement is correct?
Which government policy could be considered as a protectionist policy?
The government of a country plans to raise income tax rates. The initial equilibrium for the country is represented by point X on the diagram. [Fig...
What is an example of an expenditure-dampening policy?
An economy is currently operating close to its full employment level of national income. Which combination of macro-economic policies would be most...
Fall in price of oil but Colombia can look forward to growth Fig. 1: Colombia's growth and the oil price Fig. 2: Colombian peso against the US doll...
The miraculous story of Iceland Fig. 1: Indices of the national output of Iceland and the Republic of Ireland (Rol) 2007–2014 (2007 = 100) [Figure ...
Zambia bears the brunt of China's economic slowdown [Figure 1: Zambian kwacha and copper price] Zambia was one of Africa's main beneficiaries when ...
Use the concept of income elasticity of demand to explain how a rise in incomes would affect the demand for an inferior good and for a necessary good.
Explain the role of profit in an economy where the price mechanism operates to allocate resources.
Explain how the functions of money are affected when there is a high rate of inflation in an economy.
What would be an example of a market failure? A higher prices for hotel rooms at holiday periods B noise pollution experienced near major airports ...
What is a necessary condition for the achievement of productive efficiency? A the removal of all externalities B the elimination of all divergences...
The table shows the expected costs and benefits from four government projects. The government can afford only one project. Which project should the...
Which statement about indifference curves is correct? A The indifference curves for inferior goods can show higher satisfaction on lower curves. B ...
The diagram shows the marginal utility (MU) that an individual derives from a good at different levels of consumption. [Figure 5.1] The utility he ...
The takeover of a life assurance company by a bank is an example of A horizontal integration. B lateral integration. C vertical backwards integrati...
Imperfect competition is distinguished from perfect competition in that, in long-run equilibrium, A supply is elastic. B demand is inelastic. C mar...
The diagram shows the cost and revenue curves of a firm in imperfect competition. At which output will the firm produce if it wishes to make some s...
What makes it harder for a small firm to compete against large firms in the same industry? A Copyrights on the product have expired. B Customers wa...
A firm operates at the maximum point on its average product curve. What necessarily follows? A Average variable cost is at a minimum. B Marginal co...
The dominant firm in an oligopoly sets up a research institute to carry out new product development. Which two features of oligopoly are present in...
What is the essential feature of nudge theory? A the aim of satisficing B the establishing of a legal requirement C the existence of a contestable ...
The diagram shows a firm's marginal revenue curve. [Figure 13.1] Which total revenue curve corresponds to this firm's marginal revenue curve? A [Fi...
To control the cost of living governments have sometimes imposed a maximum price on certain goods that is below the free market price. What is ofte...
The diagram shows the effect of the introduction of a national minimum wage, WM, in an occupation where workers are employed by a profit-maximising...
What is defined as 'the payment made to a factor of production over and above that necessary to keep the factor in its present use'? A economic ren...
The table shows the values of the Gini coefficient for some countries in 2007. | | Gini coefficient | |---|---| | Namibia | 74.3 | | Zambia | 50.4...
The table gives details of the carrying capacity and number of British licensed registered ships over 100 tons between 2010 and 2014. | year | 201...
Which curve is shown in the diagram? [Figure 19.1] A Kuznets curve B Laffer curve C Lorenz curve D Phillips curve
Other things remaining equal, what will reduce the level of national income in an economy? A a fall in planned savings B a fall in the marginal pro...
An increase in government expenditure is financed by borrowing from the central bank. Other things being equal, what will be the effect on the mone...
The diagram shows the output gap as a percentage of potential GDP for the US from 1960 to 2014. [Figure 22.1] In which year was the output gap most...
The diagram shows data on various aspects of four countries. Which country is likely to be most developed? [Figure 23.1] A country A B country B C ...
The diagram shows quarterly changes in Japan's GDP from 2010 to 2015. [Figure 24.1] How many recessions occurred in Japan during this period? A 2 B...
Steps in calculating the working-age population are shown. • ......1...... + ......2...... = labour force • labour force + ......3...... = working-...
The graphs show consumer prices and unemployment for Ireland between 2002 and 2007. Content removed due to copyright restrictions. What can be conc...
Which combination of policy measures is most likely to reduce unemployment? A lowering both the exchange rate and domestic interest rates B lowerin...
A government responds to cyclical fluctuations in output by keeping tax rates and benefit rates unchanged. What is the government seeking to achiev...
Manufacturing output in China fell to the lowest for 15 months in June 2015. The government wanted to stimulate the economy. What would be most lik...
The economy of a country is simultaneously experiencing a balance of payments deficit, a budget deficit, demand-pull inflation and unemployment. Th...
When will an economic activity create a net social benefit?
The diagram shows the private and social costs and benefits of production in a free market that result in market failure. [Figure 2.1]
The diagram shows the production possibility curve for an economy. [Figure 3.1]
The diagram shows two indifference curves for a consumer. [Figure 4.1]