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 diagram shows the demand curve for housing. [Figure 5.1] What is not assumed to remain constant when drawing this curve?
What does not cause the demand curve for cars to shift to the right?
An individual reacts to a 5% increase in the price of good X by increasing the proportion of his income that he spends on good X from 2% to 3%. If ...
The cross-elasticity of demand for good X with respect to good Y is –0.5. What can be concluded from this?
The diagram shows a supply curve for beef. [Figure 9.1] What explains why the supply curve for beef slopes upwards?
Which business is likely to be the slowest to alter its output in response to a sustained increase in demand for its product?
In a particular year, 12000 units of a good are sold at $1 per unit. In a later year, 14000 units are sold at $1.20 per unit. If consumer tastes ha...
The diagram shows demand and supply curves for petrol (gas). The initial equilibrium is at X. What could be the new equilibrium if there were a lar...
The diagram shows an individual's demand curve for a commodity. The supplier of the commodity charges a unit price of OP but consumers are currentl...
In 2011, the Health Ministry in a country encouraged parents to have their children vaccinated against measles. The parents did not have to use the...
A gardener plants bamboo to create an attractive environment along the roadside. The bamboo grows into the garden of his neighbour, who removes the...
A cost-benefit analysis of a proposed underground railway produced the following statistics. annual costs and benefits $ million annual capital cos...
What is the best example of what was once a public good becoming a private good?
The diagram shows the market for onions in equilibrium at point X. The government has a stock of onions and wants to establish a new equilibrium at...
The diagram illustrates the production possibility curves for countries S and T producing goods X and Y. Countries S and T specialise in the produc...
What is the most likely reason why Pakistan might reduce its trade barriers on imports?
A particular good in the Barbados market could be supplied by domestic producers, or producers in Trinidad & Tobago, or producers in the USA, at th...
A Japanese car manufacturer established a successful factory in France. How would this be shown in the Japanese balance of payments? [Table 22.1]
The graph shows changes in the unemployment rates in countries X, Y and Z over the period 2000 to 2010. All three countries faced recession between...
Which supply-side measure is most likely to produce short-run growth in a country's aggregate supply?
An economy is experiencing accelerating cost-push inflation. Which group is likely to be least concerned by this?
The table shows the Consumer Price Index (CPI) for a country. year CPI 2008 100 2009 104 2010 102 2011 105 2012 108 2013 111 Which statement about ...
At a time when international demand for oil was high, Bolivia encouraged investment by foreign firms in order to exploit its oil and gas resources....
An economy with a fixed exchange rate experiences an increased deficit on the current account of the balance of payments. What is most likely to in...
The diagram shows the number of US dollars ($) and Euros (€) which exchanged for one pound sterling (£) between 2002 and 2004. [Figure 29.1] What h...
In a time of recession, a government decided to sell a loss-making state-owned industry to a foreign private company. What is the most likely immed...
The diagram shows a production possibility curve for an economy that produces only two goods, X and Y. The economy produces 1200 of good X and oper...
In 2014, the Hong Kong Housing Authority said the waiting time for public sector housing had increased and it would only complete 8900 flats of the...
What is most likely to be a distinguishing feature of the healthcare system of a mixed economy?
An economy can produce only two goods at any one time. These are good X and one other good from A, B, C or D. The table shows the outputs of goods ...
What is most likely to increase the quantity of houses supplied?
In which situation is the demand for a product said to be price elastic?
Goods X and Y are complements with a cross-elasticity of demand of -0.8. When the price of good X was $10, the quantity of good Y demanded was 2000...
The diagram shows an industry's total revenue when different quantities are demanded. Which values should be inserted at points 1, 2 and 3 to ident...
What would increase the price elasticity of supply of a firm's products?
The diagram shows the market for a luxury brand of smartphones. The initial equilibrium is at point X. What will be the new equilibrium following a...
When will it not be possible to use price as a rationing mechanism?
A government imposes an indirect tax on a product with normal demand and supply curves. The tax raises $100 million. What effect will the tax have ...
The diagram shows the supply and demand curves of a commodity. A government subsidy causes the supply curve to shift from S₁ to S2. Which area meas...
Total public spending in the UK, excluding interest payments, is planned to be £679 billion for the fiscal year 2015-2016. The table shows this by ...
Which government policy might limit the rationing function of the price mechanism?
A government plans to increase spending on education and training every year. Which diagram shows the likely effect of this increase on the economy...
In 2012, the rate of inflation in Botswana was 7.5%. Person X kept all of their savings in the form of cash while Person Y put their savings into a...
The graph shows the annual percentage change in the prices of services and in the prices of goods between 2007 and 2012. What can be deduced from t...
An increase or decrease in exchange rates can take place in both a floating and a fixed exchange rate system but different terminology is used for ...
In the diagram, curves D₁D₁ and SS relate to the demand for and supply of £ sterling in the foreign exchange market. What may cause the demand curv...
The table shows the indices of import prices and export prices of four countries between July 2013 and July 2014. In which countries did the terms ...
Country X can produce apples and plums at lower cost than country Y. Country X can also produce strawberries but it costs more to do so than in cou...
A government wants to use trade protection both to improve its trade performance and to raise government revenue. Which policy will help it to achi...
A newly-built public sector engineering training college received poor inspection reports. The government ceased to pay the college the money that ...