Q1 · Difficulty 2/3
The law of demand states that, other things equal, as price rises, quantity demanded:
- stays constant
- doubles
- falls
- rises
Show answer & explanation
✓ Answer: C — falls
Demand curves slope downward.
CXC CAPE · · Economics
Free CXC CAPE Economics
Practice Paper
8 mixed-difficulty practice questions in the style of real CXC CAPE papers — answers, mark-scheme-style explanations, and the official exam structure all on one page.
Take a Mini Mock →What the real CXC CAPE Economics paper looks like
Paper 01 (Multiple Choice)
45 multiple-choice questions, 1 mark each. About 1 hour 30 minutes. Tests knowledge across all three Modules of the Unit.
Paper 02 (Essay / Structured)
Extended essay and structured questions, one per Module. Around 2 hours 30 minutes. Tests developed argument, application and use of examples.
Paper 03 (Internal Assessment)
School-Based Assessment for school candidates (Paper 03/1) or an alternative written paper for private candidates (Paper 03/2). Coursework/research component worth a significant share of the Unit grade.
Total written exam time: ~4 hours across Paper 01 and Paper 02, plus the Internal Assessment.
Grading: Unit grades: I (highest) to VII (lowest), with a Grade Point Average and per-Module profile. Grades I–V are the pass range for most purposes.
Grading: Unit grades: I (highest) to VII (lowest), with a Grade Point Average and per-Module profile. Grades I–V are the pass range for most purposes.
Mini practice paper: 8 questions
Mixed-difficulty questions from across the Economics syllabus. Tap "Show answer" after each to check yourself.
Q2 · Difficulty 2/3
The reward to land as a factor of production is:
- interest
- profit
- rent
- wages
Show answer & explanation
✓ Answer: C — rent
Land earns rent.
Q3 · Difficulty 2/3
The basic economic problem arises from unlimited wants and ____ resources.
- scarce
- abundant
- free
- unlimited
Show answer & explanation
✓ Answer: A — scarce
Scarcity relative to unlimited wants is the core problem.
Q4 · Difficulty 3/3
An increase in consumer income shifts the demand curve for a normal good to the:
- vertical
- right
- left
- down only
Show answer & explanation
✓ Answer: B — right
Higher income raises demand for normal goods.
Q5 · Difficulty 3/3
Statements involving value judgements about what ought to be are ____ statements.
- normative
- positive
- factual
- empirical
Show answer & explanation
✓ Answer: A — normative
Normative statements express value judgements.
Q6 · Difficulty 3/3
When price is below equilibrium, there is a:
- equilibrium
- glut
- shortage
- surplus
Show answer & explanation
✓ Answer: C — shortage
Below equilibrium, demand exceeds supply (shortage).
Q7 · Difficulty 3/3
In the long run, all factors of production are:
- variable
- fixed
- sunk
- free
Show answer & explanation
✓ Answer: A — variable
In the long run all inputs can vary.
Q8 · Difficulty 3/3
When price is above equilibrium, there is a:
- shortage
- equilibrium
- deficit
- surplus
Show answer & explanation
✓ Answer: D — surplus
Above equilibrium, supply exceeds demand (surplus).
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CXC CAPE Economics FAQ
What does the CXC CAPE Economics exam look like?
The CXC CAPE Economics exam is structured across 3 components. Paper 01 (Multiple Choice): 45 multiple-choice questions, 1 mark each. About 1 hour 30 minutes. Tests knowledge across all three Modules of the Unit. Paper 02 (Essay / Structured): Extended essay and structured questions, one per Module. Around 2 hours 30 minutes. Tests developed argument, application and use of examples. Paper 03 (Internal Assessment): School-Based Assessment for school candidates (Paper 03/1) or an alternative written paper for private candidates (Paper 03/2). Coursework/research component worth a significant share of the Unit grade. Total written exam time: ~4 hours across Paper 01 and Paper 02, plus the Internal Assessment.
Can I download a free CXC CAPE Economics past paper?
Real CXC CAPE past papers are published directly by CXC CAPE on their official website. Kramizo doesn't redistribute copyrighted past papers, but we do generate free AI-written practice papers in the exact same style — same command words, same difficulty tier, same mark conventions. Use this practice paper as warm-up, then time yourself on official past papers before exam day.
How is CXC CAPE Economics graded?
Unit grades: I (highest) to VII (lowest), with a Grade Point Average and per-Module profile. Grades I–V are the pass range for most purposes. Kramizo's practice questions are tagged with difficulty 1-3 mapping roughly to the lower, middle, and top grade boundaries you'll encounter in the real exam.