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 with a floating exchange rate has a large deficit on the current account of the balance of payments. What is most likely to decrease as a...
Between June and the end of July 2016, the UK pound sterling depreciated by 11% against a basket of currencies of the UK's major trading partners. ...
What is the effect of a cut in a country's income tax rates on its exports and imports?
The diagram shows the effect of a government removing the tariff on imports of rice into its country. [Figure 30.1] How would the removal of this t...
Which of the following best describes the fundamental economic problem?
A bakery experiences a significant increase in the demand for its specialty bread.
[Figure 1] shows the total cost curve for a firm producing smartphones.
Governments often intervene in markets to correct market failures, such as the under-provision of public goods.
Which of the following is a potential benefit of trade protectionism? A. Increased consumer choice B. Lower domestic prices C. Protection of infan...
Inflation is typically measured by the annual percentage change in which of the following? A. Gross Domestic Product (GDP) B. Consumer Price Index...
A country experiencing a persistent balance of payments current account deficit might typically see which of the following as a consequence? A. An...
Which of the following is a characteristic of economic growth? A. A reduction in the average price level B. An increase in the productive capacity...
Sustainable development is a key goal for many economies.
The global economy often experiences periods of economic instability.
Governments use fiscal policy to influence the economy.
Many developing countries rely heavily on primary sector industries.
Some governments implement policies to control inflation.
Globalisation has significant effects on economies worldwide.
Many governments are concerned about poverty.
Read **Figure 1** and **Figure 2** before answering Question 16. **Figure 1: Changes in China’s GDP per capita (constant 2015 US$)** **Figure 2: ...
Governments provide many public and merit goods.
Analyse the different causes of market failure.
Governments often implement supply-side policies to improve a country’s economic performance. Evaluate the effectiveness of different supply-side p...
A country's Production Possibility Frontier (PPF) will shift outwards if there is:
The price of petrol in Country X increased by 10% last month, leading to a 2% fall in the quantity demanded of petrol.
Governments often intervene in markets to correct market failures.
Country Z has experienced a sustained period of economic growth, but also increasing income inequality.
Many countries use supply-side policies to improve economic performance.
Figure 1 shows the exchange rate for Country P's currency (the 'Pound') against the US Dollar.
Figure 2 shows various development indicators for two developing countries, Country A and Country B.
The table shows the quantity demanded and quantity supplied of coffee at different prices.
Country X is experiencing a period of sustained economic growth. The government is considering policies to manage this growth.
A large multinational company is considering expanding its operations into a developing country.
In 2023, Country X, a developing economy, experienced a decline in its Gross Domestic Product (GDP) per capita.
A government might intervene in a market to correct market failure.