Q1 · Difficulty 1/3
The basic economic problem arises because resources are:
- scarce relative to wants
- unlimited
- free
- always wasted
Show answer & explanation
✓ Answer: A — scarce relative to wants
Scarcity means limited resources but unlimited wants.
Pearson Edexcel International · IGCSE · Economics
Free Pearson Edexcel International IGCSE Economics
Practice Paper
8 mixed-difficulty practice questions in the style of real Pearson Edexcel International IGCSE papers — answers, mark-scheme-style explanations, and the official exam structure all on one page.
Take a Mini Mock →What the real Pearson Edexcel International IGCSE Economics paper looks like
Paper 1
Objective and short-answer questions covering the breadth of the specification.
Paper 2
Structured and extended-response questions testing depth of understanding.
Total exam time varies by board and tier — typically 2.5 to 3.5 hours.
Grading: See the official board specification for the current grading scale.
Grading: See the official board specification for the current grading scale.
Mini practice paper: 8 questions
Mixed-difficulty questions from across the Economics syllabus. Tap "Show answer" after each to check yourself.
Q2 · Difficulty 1/3
Goods bought from other countries are:
- exports
- tariffs
- quotas
- imports
Show answer & explanation
✓ Answer: D — imports
Imports are goods bought from abroad.
Q3 · Difficulty 1/3
A sustained rise in the general price level is:
- inflation
- deflation
- recession
- growth
Show answer & explanation
✓ Answer: A — inflation
Inflation is a general rise in prices.
Q4 · Difficulty 2/3
The price of one currency in terms of another is the:
- exchange rate
- inflation rate
- interest rate
- tariff
Show answer & explanation
✓ Answer: A — exchange rate
The exchange rate is one currency's price in another.
Q5 · Difficulty 2/3
Exchange rates are determined largely by the demand for and ____ of a currency.
- weight
- supply
- colour
- age
Show answer & explanation
✓ Answer: B — supply
Currency demand and supply set floating rates.
Q6 · Difficulty 2/3
The gap between rich and poor countries is the development:
- cycle
- index only
- surplus
- gap
Show answer & explanation
✓ Answer: D — gap
The development gap separates rich and poor nations.
Q7 · Difficulty 3/3
A measure combining income, education and health is the:
- exchange rate
- Human Development Index (HDI)
- CPI
- GDP only
Show answer & explanation
✓ Answer: B — Human Development Index (HDI)
HDI combines several indicators.
Q8 · Difficulty 3/3
Two consecutive quarters of falling GDP indicate a:
- recession
- boom
- recovery
- surplus
Show answer & explanation
✓ Answer: A — recession
A recession is two quarters of falling GDP.
Build a 30-question timed mock →
Free · No signup · Instant marking
Pearson Edexcel International IGCSE Economics FAQ
What does the Pearson Edexcel International IGCSE Economics exam look like?
The Pearson Edexcel International IGCSE Economics exam is structured across 2 components. Paper 1: Objective and short-answer questions covering the breadth of the specification. Paper 2: Structured and extended-response questions testing depth of understanding. Total exam time varies by board and tier — typically 2.5 to 3.5 hours.
Can I download a free Pearson Edexcel International IGCSE Economics past paper?
Real Pearson Edexcel International past papers are published directly by Pearson Edexcel International 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 Pearson Edexcel International IGCSE Economics graded?
See the official board specification for the current grading scale. 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.