: Pearson Edexcel past-paper questions pack

Globalisation, specialisation and trade

Past-paper questions pack

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Questions are numbered; the mark schemes (the answer key) follow on separate pages so the question pages can be handed out alone. www.economicsaleveltutor.com

Pearson Edexcel AS and A-level Economics past-paper questions since 2016 · 16 parts · mark schemes follow the questions · www.economicsaleveltutor.com · Questions and mark schemes © Pearson Edexcel

1. June 2025 · Paper 2 · Q4(a) · 2 marks · AO1=2

(a) Explain what is meant by ‘terms of trade’. (2)

2. June 2025 · Paper 2 · Q4(b) · 1 marks ·

(b) Which one of the following is the percentage change in China’s terms of trade between 2012 and 2020, to the nearest whole number? (1) A 12% B 13% C 15% D 92%

3. June 2025 · Paper 2 · Q4(c) · 2 marks · AO1=1,AO3=1

(c) Explain the likely impact of the change in China’s terms of trade from 2012 to 2020 on China’s current account. Assume that demand for China’s exports and imports is price elastic. (2)

4. June 2024 · Paper 2 · Q5(b) · 1 marks ·

(b) Which one of the following is likely to give the US a comparative advantage in steel production? An increase in: (1) A corporation tax in the US B economic growth in the US C the productivity of US steel workers D the wages of US steel workers

5. June 2024 · Paper 2 · Q8 · 25 marks · AO1=4,AO2=4,AO3=8,AO4=9

8 In 2020, exports as a share of world GDP were 12% higher than in 2000, almost twice as high as 50 years ago. (Source adapted from: https://www.dhl.com/content/dam/dhl/global/dhl-spotlight/ documents/pdf/2021-gci-update-report.pdf) Evaluate the possible factors contributing to globalisation.

6. June 2024 · Paper 3 · Q1(e) · 25 marks · AO1=4,AO2=4,AO3=8,AO4=9

(e) Evaluate the microeconomic and macroeconomic advantages for a country specialising in energy production using gas. (25)

7. June 2022 · Paper 2 · Q8 · 25 marks · AO1=4,AO2=4,AO3=8,AO4=9

8 With global economic growth slowing and inequality rising, the case against globalisation is strengthening. But there are also many benefits to globalisation. Global trade and international trade agreements allow countries to focus on their strengths and share expertise, as well as reducing risk through diversification. (Source: adapted from https://www.ft.com/content/ 7b365844-9b75-11ea-adb1-529f96d8a00b) Evaluate the likely impact of globalisation on the global economy.

8. June 2022 · Paper 3 · Q2(c) · 12 marks · AO1=2,AO2=2,AO3=4,AO4=4

(c) Using the example of cut flowers (Extract F), discuss how the concept of absolute advantage may lead to growth in Kenya. Use numerical or diagrammatic analysis in your answer. (12)

9. October 2020 · Paper 2 · Q6(c) · 12 marks · AO1=2,AO2=2,AO3=4,AO4=4

(c) Discuss the problems for the Ivory Coast of dependency on cocoa for a large proportion of their exports. Refer to Figure 2 in your answer. (12)

10. October 2020 · Paper 2 · Q6(e) · 15 marks · AO1=3,AO2=3,AO3=3,AO4=6

(e) Discuss the likely benefits of increased economic integration for sub‑Saharan African countries. (15)

11. June 2019 · Paper 2 · Q7 · 25 marks · AO1=4,AO2=4,AO3=8,AO4=9

7 Three of Africa’s main trading blocs have agreed to form the Tripartite Free Trade Agreement (TFTA). This will create one of the world’s largest free trade areas, stretching across 26 countries with a combined GDP of around £1 trillion. (Source: https://uk.reuters.com/article/uk-africa-trade/mega-african-trade-bloc- paves-way-for-continental-commerce-idUKKBN0OR28M20150611) Evaluate the effects of the growth of trading blocs such as the TFTA on global trading patterns.

12. June 2018 · Paper 2 · Q1(b) · 4 marks · AO1=2,AO2=1,AO3=1

(b) With reference to the theory of comparative advantage, explain how CETA may increase the GDP of both the EU and Canada. (4)

13. June 2018 · Paper 2 · Q6(c) · 12 marks · AO1=2,AO2=2,AO3=4,AO4=4

(c) With reference to Extract A, discuss two macroeconomic policies, apart from protectionism, that a government could use to reduce the negative effects of globalisation. (12)

14. June 2018 · Paper 3 · Q1(d) · 25 marks · AO1=4,AO2=4,AO3=8,AO4=9

(d) Evaluate the microeconomic and macroeconomic factors that may influence Starbucks’ decision whether to expand in a particular country. (25)

15. June 2018 · Paper 3 · Q2(a) · 5 marks · AO1=2,AO2=2,AO3=1

(a) Using the data in Figure 4 and other information provided, explain the likely change to Indonesia’s terms of trade since 2011. (5)

16. June 2017 · Paper 2 · Q7 · 25 marks · AO1=4,AO2=4,AO3=8,AO4=9

7 Since the global financial crisis of 2008 there have been over 5 700 increases in tariffs, quotas and administrative controls on international trade. Evaluate the likely effects of an increase in protectionism on the economy of a developing country of your choice.

Mark schemes

1. June 2025 · Paper 2 · Q4(a)

Mark scheme June 2025 Paper 2 Q4(a)

2. June 2025 · Paper 2 · Q4(b)

Mark scheme June 2025 Paper 2 Q4(b)

3. June 2025 · Paper 2 · Q4(c)

Mark scheme June 2025 Paper 2 Q4(c)

4. June 2024 · Paper 2 · Q5(b)

Mark scheme June 2024 Paper 2 Q5(b)

5. June 2024 · Paper 2 · Q8

Mark scheme June 2024 Paper 2 Q8

6. June 2024 · Paper 3 · Q1(e)

Mark scheme June 2024 Paper 3 Q1(e)

7. June 2022 · Paper 2 · Q8

Mark scheme June 2022 Paper 2 Q8

8. June 2022 · Paper 3 · Q2(c)

Mark scheme June 2022 Paper 3 Q2(c)

9. October 2020 · Paper 2 · Q6(c)

Mark scheme October 2020 Paper 2 Q6(c)

10. October 2020 · Paper 2 · Q6(e)

Mark scheme October 2020 Paper 2 Q6(e)

11. June 2019 · Paper 2 · Q7

Mark scheme June 2019 Paper 2 Q7

12. June 2018 · Paper 2 · Q1(b)

Mark scheme June 2018 Paper 2 Q1(b)

13. June 2018 · Paper 2 · Q6(c)

Mark scheme June 2018 Paper 2 Q6(c)

14. June 2018 · Paper 3 · Q1(d)

Mark scheme June 2018 Paper 3 Q1(d)

15. June 2018 · Paper 3 · Q2(a)

Mark scheme June 2018 Paper 3 Q2(a)

16. June 2017 · Paper 2 · Q7

Mark scheme June 2017 Paper 2 Q7