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.
A country has health care provided by the free market. This is replaced by the government provision of Sg free health care. What is the change in c...
What is an example of a product in joint demand with a smartphone?
A product has a high price elasticity of supply. What might explain this?
What is likely to affect the position of the demand curve for tickets to pop concerts but not the position of the supply curve?
The table shows Lee's and Yim's price elasticity of demand for restaurant meals and cinema tickets. There is a rise in the price of both products. ...
A government fixes a maximum price for a product in order to increase its consumption. What would be the likely outcome of such a policy?
What is a transfer payment?
What best illustrates the process of privatisation?
An increase in what will shift the aggregate demand curve in an economy to the right?
Which effect of inflation is described as redistributive?
In which situation will a country's terms of trade improve?
Country X joins a customs union with country Y and will remove the tariff on its imports of good M from country Y. Under which conditions will trad...
What is likely to happen if there is a fall in the international value of a country's currency?
From the same quantity of factors of production, country X and country Y each produce the following units of output. Which statement is correct?
Following a 10% depreciation in the $ value of the £ sterling, a UK exporter leaves the $ price of the goods it sells in the US market unchanged. O...
The diagram shows the effect of introducing a tariff on a product. What determines the producer surplus that the tariff generates for domestic prod...
Which government policy is most likely to cause expenditure switching that will benefit a country's current account?
Which type of economic policy is likely to be considered the most effective by a government that has greater income equality as its primary aim?
PPC is the production possibility curve in country T. Which changes take place in country T's opportunity costs of producing X as it increases prod...
What is considered the essential requirement for all entrepreneurs?
A new section of a road is provided toll-free by the government. What best describes this good?
Eastern European nations have changed from planned to market economies. Which policy was least likely to have been adopted?
Rice and pasta are both basic foods in a country. How would a health scare concerning rice affect the market for pasta?
Some goods are over-consumed in a market economy. What is likely to be the cause of this?
A family is willing to pay a maximum of $600, $500 and $400 for air tickets for the mother, father and daughter to attend a wedding in another city...
After a 10% decrease in a consumer's income, the consumer's demand for a good rises from 100 to 105. What is the value of the consumer's income ela...
In 2010, poor harvests reduced fruit crops and furniture producers gave big discounts on furniture products. How might these changes have affected ...
In the diagram, D and S represent the demand for and supply of smartphones. Many components used in the production of smartphones are imported. The...
The diagrams show the demand for and the supply of houses. In the short run, the stock of houses for sale, S₁, is fixed. A government decides to al...
The equation for the quantity demanded, QD, for a product is QD = 400-20P where P = price in $. The quantity supplied, QS, is given by QS = 100 + 4...
What is the most likely cause of the continuous increase in prices of famous paintings by now dead artists?
What is most likely to be regressive?
The government imposes a specific indirect tax of $1 on each unit of a good sold. How does the imposition of the tax shift the demand or supply cur...
Which term relates to a fall in the domestic real value of a currency?
What must be the result for a country of a rise in its export prices relative to its import prices?
Country X can produce a product at a lower opportunity cost than country Y. Which term best describes this statement?
For a given year, economy X publishes the following. Gross Domestic Product (GDP) $bn 100 factor income earned by residents of economy X working in...
Which combination is possible for an economy experiencing zero inflation?
The graph shows the rate of inflation in Japan from April 2020 to February 2021. Over which period did disinflation occur in Japan?
The diagram shows three production possibility curves (PPC) for a country, labelled 3, 2 and 1. The original PPC for the country is 2. This country...
A government increases the rate of income tax. What is the effect, in the short run, on the aggregate demand curve or the aggregate supply curve?
A country's current account deficit is larger this year than last. What is the most likely reason for this increase?
Which tax may a government use to reduce inequality?
A government wants to reduce inflation. It has decided to cut government spending by $1bn. The diagram shows different starting positions for the c...
A government reduces the rate of tax firms are charged on their land and buildings. How is this likely to affect the economy's price level and real...
The production possibility curve for a country is shown. [Figure 1.1] What can be determined from the diagram?
In a clothing business, after specialisation, real output per worker increased in the first six months but then output per worker began to fall. Wh...
A wine producer and bottler wanted to expand its production significantly. To finance the expansion it offered investors discounts on restaurant me...
Which statement is positive?
The diagram shows the change in a country's production possibility curve from PQ to PR. [Figure 5.1] What increases as a result of the change from ...