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 might a trade union usually be expected to do for its members?
What is the usual reason why citizens trust their country's banknotes?
In the diagram, D₁D₁ and S₁S₁ represent the demand for and the supply of labour. W indicates a legal minimum wage. An influx of immigrant labour ca...
The table shows how three people spend their income. [Table 11.1] For these three people, what is the most likely order of income, from highest inc...
How does a firm guarantee that it makes the maximum profit?
Which characteristic does a firm in perfect competition have in common with a monopoly?
The table shows the units of factors of production that a firm needs to employ for two different levels of output. [Table 14.1] What is the firm ex...
The diagram shows the demand and supply of places in independent (private) schools which charge fees. The equilibrium position is X. The costs of i...
A government wishes to stimulate economic recovery. Which action will assist this?
What is an expansionary monetary policy?
A government decides to make two changes to its taxation policies. It lowers the tax on petrol and raises the tax on food. How do these changes aff...
The table shows a government's receipts from taxation. [Table 19.1] What is the total amount of revenue raised by indirect taxes?
What is Gross Domestic Product (GDP) divided by to calculate GDP per head?
Who is made worse off during a period of deflation?
The table gives information about three economic indicators in four countries. [Table 22.1] What may be concluded from this information?
What must result when a country experiences economic growth?
Why may the figure calculated for a developing country's Gross Domestic Product be inaccurate?
The table gives information on four countries. [Table 25.1] Which country is likely to be most developed?
It has been predicted that by 2050 China will have 53 million fewer children under 14, 100 million fewer workers and 234 million more people aged o...
What might cause the balance on the current account of Mauritius to improve?
A country says that it wishes to increase its trade protection policies. What might that involve?
It has been suggested that all countries producing arms should ban the export of weapons and cut production in order to reduce the risk of war. Wha...
70% of the 10 million kilograms of tea produced in India is exported. The UK, Japan, and Germany buy the most. Wholesale prices rose 10% in 2013 as...
What economic concept must be at work when there is movement by a country along its production possibility curve?
The diagram shows the choices for an individual between leisure and earnings. [Figure 2.1] The person decides to take a job that gives more leisure...
What is the best example of the existence of the economic problem?
Which pair of economic institutions is most likely found in a market economy?
The diagram shows the price of a product during year 1 and year 2. [Figure 7.1] Which changes in demand and supply are consistent with the price be...
A trade union agrees on a 'closed shop' policy with employers in an industry. How does this operate?
When will a central bank act as lender of last resort to a commercial bank?
Two firms agree to integrate their activities. What must result?
By 2014, government subsidies for the Chinese steel industry led to 200 million tonnes of excess output. The diagrams show the market for Chinese s...
A government fixes the rate of income tax at $0.20 per dollar earned. What describes this type of taxation?
A government introduces a law to reduce the restrictive practices of trade unions. What would be the most likely purpose of this law?
What would best indicate the start of an economic boom?
A country has a very high Gross Domestic Product and a small population but has a low standard of living. What may be the cause of this low standar...
The weight for a product in the consumer price index was increased. What is most likely to have caused this adjustment?
China is classified as a developing country. Recently, contributions to its Gross Domestic Product (GDP) were agriculture 10%, construction 13%, ma...
Some people think that the debts and interest payments of the poorest countries in the world should be cancelled. What might be a disadvantage for ...
Which country is likely to have the highest standard of living? [Table 26.1]
The US currently trades in oil with the UK. The discovery of new oil and gas deposits in the US will mean that its oil imports decrease and its oil...
Changes in car production Car production is changing. Until recently car manufacturing firms had the most power in the market. Now, however, firms...
Burundi is a country in Sub-Saharan Africa. In 2013 the government of Burundi introduced VAT, an indirect tax, while lowering corporation tax (the ...
The Canadian economy in 2014 was generally doing well. Money was largely retaining its value and unemployment was falling. The country did, however...
Increasing demand from China has made New Zealand the world's biggest exporter of dairy products. Its exports of milk to China increased by 45% in ...
In January and February 2014 there were calls for the UK Government to build more flood defences. Homes, factories and other resources were damaged...
The year 2014 saw the longest-ever strike by platinum miners in South Africa. It involved 70000 miners out of a total of 200000 employed in the ind...
In 2014 Cuban doctors were given pay rises that significantly increased their salaries. This made doctors' pay more than twice that received by nur...
Crisis in the chocolate market There are concerns that the price of chocolate could rise significantly in the next few years. This is because of i...
In 2013 the Mexican Government was considering imposing a sales tax of one peso per litre on the price of fizzy drinks. The Government wanted to di...