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.
Which terms summarise the nature of the economic problem?
Which statement about the factors of production is correct?
Which economic change would increase the problem of scarcity?
The government of a country with a rapidly increasing population decides to switch resources from investment to increased subsidies to farmers. Wha...
'The tertiary sector of the economy is increasing in importance'. This statement is most likely to mean that a high proportion of the labour force is
The diagram shows the market for fresh fish in the Caribbean with equilibrium point X. New, more efficient boats with lower running costs are then ...
The diagram shows the demand for and the supply of bread. A maximum price P₁ is fixed by the government. What is likely to be the immediate result ...
The diagram shows a market for wheat that is in equilibrium. Which area represents the total revenue for wheat farmers? [Figure 8]
The diagram shows the supply curve for a good. What is the price elasticity of supply when the price rises from $2 to $4? [Figure 9]
What could a government do to reduce external costs in the economy?
The diagrams show possible demand curves for four commodities. Which diagram shows a completely inelastic demand curve? [Figure 11]
What is a function of a commercial bank?
A person is most likely to save more when there is an increase in a country's
One of the functions of money is to act as a measure of value. What does this mean?
What is a function of a trade union?
What is an example of occupational mobility of labour?
Which activity is correctly linked to the organisation that provides it? [Figure 17]
In August 2008, Infosys, an Indian information technology company, bought Axon, a UK information technology company. Which type of integration is t...
What is correct about a monopoly?
South African companies are planning to undertake major investment in Zimbabwe in order to mine platinum. If this investment occurs, what would hap...
Barilla, an Italian company, is the world's largest pasta maker. It also produces bread. In 2006 its bread production contributed $1.5 billion (bn)...
A firm which sells its product for $6 has the following total costs. Which statement is correct? [Figure 22]
What is likely to be found when there are many small firms in an industry?
What is a direct tax?
A government achieves a high rate of economic growth. How may this conflict with other government aims?
The directors of a firm have to discuss the following topics. Which topic is least likely to be directly affected by the government's influence on ...
Between 2002 and 2007, approximately 18 million Latin American households moved out of poverty. Which change in the region is most likely to have c...
One way in which a government may seek to increase geographical mobility of labour is by
What is not usually an aim of a government?
The retail price index of a country rose during a year from 200 to 240. What was the annual rate of inflation?
What name is given to the type of unemployment that occurs while people search for new jobs?
Why is the Human Development Index (HDI) a better indicator of comparative living standards than Gross Domestic Product (GDP) per head?
What is likely to happen in an economy that experiences uncontrolled hyperinflation?
Gross Domestic Product (GDP) per capita is commonly used as an indicator of the comparative level of development in different countries. What does ...
India has a more evenly distributed income than China but a greater proportion of its population living on less than $1 a day. What can be conclude...
What is likely to happen in a developing country as it becomes more developed?
The table shows the percentages (%) of consumer spending on different items in four countries which have similar geographical conditions and climat...
There was an increase in the value of the United States (US) dollar against the South African Rand. What is a result of this?
Which policy would best enable a government to encourage greater specialisation in the use of its country's resources?
Vietnamese companies buy insurance from companies in the United States (US). How will this transaction be recorded in the Vietnamese balance of pay...
What is meant by the economic problem?
Each of the factors of production earns an income. What are the incomes for land and capital?
A firm decides to stop manufacturing ovens and to produce washing machines instead. What is the opportunity cost to the firm?
The table shows how employment in selected industries changed in a country between 2000 and 2010. [Table] Which statement about these industries du...
What is an advantage of the market economic system?
Which pair of economic institutions can be found in a market economy?
Due to changes in the costs of production, an industry's supply curve shifted at various times from S₁ to either S2 or S3. [Figure] If a shift in s...
The table shows the changes in two influences on the demand for and supply of televisions. [Table] If these two changes occurred at the same time, ...
In a country where the demand for petrol (gas) is price-inelastic, the incidence of any increase in petrol tax will be mainly on
What is an example of market failure?