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.
In rural areas in developing countries, farmers grow food for their own consumption. Why might this mean that the GDP is a weak measure of the stan...
The charts show the population structure of a country in 1960 and 2010. During this period, how did birth and death rates change?
What is an advantage of international specialisation?
Skin creams preventing sunburn made in the European Union (EU) are more effective than those made in the United States (US). US tourists stock up o...
The table shows the trade in goods balance and the current account balance of the balance of payments for four countries during a year. Which count...
What is the basic economic problem?
New oil reserves are discovered. What has increased in supply?
The diagram shows production possibility curves (PPC) for a country that can produce agricultural products or manufactured products. [Figure 3.1] I...
What would not be an example of the working of a market system?
A product has a price elasticity of supply of +2. A change in price causes the quantity supplied to change from 100 units to 120 units. What is the...
The diagram shows the market for fresh fish in the Caribbean with equilibrium point X. [Figure 7.1] A new type of fishing boat increases production...
A businesswoman seeks a 10-year loan from a bank. She has listed her four most valuable possessions which could be offered to the bank in order to ...
A trade union and employers agree a minimum wage (W₁) which is above the market equilibrium wage (W) for that industry. [Figure 10.1] What is the e...
In choosing their occupation, people often take into account aspects of the job other than pay. Which would not be a good match for the aspects of ...
What may exist in monopoly but not in perfect competition?
What is not a reason for the decline in manufacturing industries in developed economies in recent years?
In 2013, Barclays Bank had two branches in a city. It decided to close them both, move to a different building and employ fewer hourly-paid staff. ...
The diagram shows the costs of a firm. [Figure 15.1] What is the firm's total variable cost at an output of 100 units?
What is most likely to cause a fall in the rate of inflation?
In recent years, governments have had to manage the effects of a world recession. Which supply-side policy could have been used to stimulate econom...
A government increases expenditure on infrastructure to stimulate an economy. With which of the other government aims for an economy might this con...
Who is most likely to benefit during a period of inflation?
The Human Development Index (HDI) measures more than just average incomes. What are two additional measures it includes?
The table shows some economic indicators for four countries. [Table 22.1] What can be concluded from the table?
When would an increase in aggregate demand be least likely to result in inflation in an economy?
In 2013, subsistence farming, which involved a large percentage of the population, was a significant activity in the Philippines and Indonesia. Wha...
Which feature is not a typical characteristic of a developed country?
The charts show the population structure of a country in 1960 and 2010. [Figure 26.1] During this period, how did birth and death rates change?
Which combination of changes is most likely to result in a fall in living standards in a country?
The table shows information on the trading position of four major economies in 2013. [Table 29.1] Which country had the strongest trading position?
What does the future hold for Sweden? Sweden is a highly developed European country which enjoys one of the highest standards of living in the worl...
In 2013, an earthquake on the Iran/Pakistan border destroyed many factories and homes. Some officials wanted the Governments to rebuild the factori...
In 2013, the market price of houses rose in China but fell in Greece. The Chinese Government tried to reduce the rise in house prices by discouragi...
Trade union membership is decreasing in some countries, but it is increasing in China. Industrial action by workers is becoming more common in Chin...
In January 2013, the Portuguese Government increased tax rates. Three months later it cut its spending on health care and education. Between these ...
About 30% of Nigeria's labour force is employed in agriculture but the country still spends more than US$12 billion a year importing food. The Nige...
In 2013, the Singapore Government was concerned that its economy might experience a recession. It was introducing a range of supply-side policy mea...
Peru and Panama Between 2005 and 2012, Peru and Panama experienced the fastest economic growth rates in the Americas. The two countries differ in t...
Students have to consider the opportunity cost of going to university. University graduates usually earn more than people who have not gone to univ...
China is the world's largest producer of gold and India is the world's largest buyer of gold. Gold mining in China is becoming more capital-intensi...
Chile produces a third of the world's supply of copper. A change in demand for, or supply of, copper affects Chile's Gross Domestic Product (GDP) a...
Both the annual inflation rate and the economic growth rate fell in Pakistan between 2012 and 2013. Some economists suggested that the Government s...
Poland is experiencing changes to its population and economy. The country's death rate is falling. Despite Poland's high unemployment rate, more pe...
The Mexican economy has recently been performing well. Its monetary policy has lowered inflation which has helped money in the country perform its ...
The diagram shows an initial production possibility curve of PPC1. [Figure 1.1] What may cause the movement of the production possibility curve fro...
An increase in the number of manufacturing robots in the car manufacturing industry represents an increase in the quantity of which factor of produ...
The diagram shows the choices for an individual between leisure and earnings. [Figure 3.1] What is the opportunity cost to the individual of the ex...
A government taxes the production of cars. What is likely to decrease?
Developers want to increase the size of a major retail shopping area in a city. It is thought that the proposal would create hundreds of jobs, be p...
The diagram shows the market for rice. [Figure 7.1] What would have caused the equilibrium price to rise from OP₁ to OP2?