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.
What could lead to an increase in the size of a country's labour force?
What may cause cost-push inflation?
The graphs show consumer prices and employment for Ireland. [Figure] What can be concluded from the graphs?
The table gives details of some parts of a country's balance of payments. In which year did the country have its largest visible trade deficit?
The table shows indicators of a country's economic performance over a two-year period. [Table] What is consistent with the above information?
The diagram shows the market for Japanese Yen. [Figure] What could have caused the change in the supply of Yen from S₁ to S₂?
Country X trades with only two countries, the USA and Japan. 90% of the country's trade is with the USA and 10% is with Japan. The original value o...
A government with a floating exchange rate wishes to encourage a rise in the international value of its currency. What should it do?
Tom has set up his own business, which is based in premises owned by Fanda. All machinery is hired from an equipment company. Both Tom and Fanda ar...
What is the central problem for an economy?
What are most likely to be disadvantages found in a market economy?
The diagram shows the production possibility curve of an economy. [Figure 3.1] Which statement explains the shape of this curve?
What is a correct statement about money?
What might shift an individual's demand curve for petrol to the left?
The diagram shows a consumer's short-run and long-run demand curves for coconuts. Initially, the consumer purchases quantity Q₀ at price P₀. [Figur...
The table shows a consumer's expenditure on a range of goods at different levels of income. consumer's income () 40 50 100 good consumer's expendit...
The diagram shows the demand curve for a product. [Figure 8.1] Which statement is correct?
The table shows the market demand for a product and the individual supply of the three firms X, Y and Z in the industry. price market supply supply...
Domino Pizza, the largest US pizza chain, said that its profits had been reduced by on ingredients and by a reduction in consumers' disposable inco...
Which area in the diagram represents the amount of consumer surplus that would occur in a market if a government enforced an effective maximum pric...
Rising demand for oil from China and other countries is leading to concerns that there may be a world shortage of oil. How should a change in the p...
In the diagram OS₁ and OS₂ are two straight-line supply curves. [Figure 13.1] As price increases, the elasticity of supply
What is the most likely reason economists will give to explain why large hospital projects are often funded by governments?
How would net external benefit be calculated?
The table shows the expected costs and benefits from four government projects. The can afford only one project. Which project should the government...
What will make it more likely that road tolls will reduce traffic congestion?
In the diagram, S₁S₁ and DD represent the original supply and demand curves for an agricultural product. [Figure 18.1] Bad weather then reduces sup...
Steel is produced in a number of countries, including China, Japan and the US. It is manufacture of cars. The US protects its domestic steel indust...
The supply of an imported good is shown by curve S. [Figure 20.1] What will be the new supply curve if an ad valorem (percentage) tariff is imposed...
What is found in a customs union but not a free trade area?
The table shows how much rice and wheat two countries, X and Y, can grow when divides its resources equally between growing rice and wheat. country...
What must fall when the rate of unemployment rises?
The table shows the percentage price changes in some items in the UK Consumer Price Index (CPI) in the year to 1 June 2006. item % change in price ...
In Year 1 the price of a barrel of oil increased from $60 to $110. In Year 2 there was a further increase to $115 a barrel. Assume that oil price c...
A government has low reserves of foreign currency. When would it be likely to consider a deficit on current account to be a serious problem?
The diagram shows the number of US dollars ($) and Euros (€) which exchanged fo sterling (£) between 2002 and 2004. [Figure 27.1] What happened to ...
In a country the Marshall-Lerner condition for an improvement in the trade balance is satisfied in the long run, but quantities of imports and expo...
Assume the Chinese monetary authorities are committed to maintaining the excha China's currency the Yuan against the US$ between P₁ and P₂ on the d...
In 2008 the Chinese government was under pressure from other countries to reduce its current account surplus on its balance of payments. Which comb...
The curve PP in the diagram is the production possibility curve for a country producing goods X and Y. The production of X is more labour intensive...
In Economics, decisions are usually taken 'at the margin'. What does this mean?
Which factor of production and example are correctly linked? [Table with columns 'factor of production' and 'example']
During a period of falling incomes in Germany in 2009, demand for jewellery declined. There was, however, a rise in demand for frozen foods. How wo...
It was estimated in 2010 that milk had an income elasticity of demand of -0.6. What can be concluded about milk from this information?
In a free market in disequilibrium, which combination of price and quantity will lead to a fall in price and a contraction in output to reach equil...
A manufacturer has estimated that the price elasticity of supply of ice cream is +1.5. If the demand for ice cream rises and price increases by 10%...
The table shows demand and supply schedules for red peppers. The equilibrium price is initially 15 cents per kg. [Table showing price per kg (cents...
The diagram shows the market for new houses. [Figure showing supply S1, S2 and demand D1, D2 curves, with price and quantity axes, and points X and...
In the diagram, S₁ is the original supply curve and D is the original demand curve. [Figure showing supply S1, S2 and demand D curves, with price a...
When demand for a good falls, its price falls. What is the function of the price fall?