IGCSE Past Questions Economics. The Cambridge IGCSE Economics Past Questions and Answers will help you to understand the Cambridge syllabus which candidates use to develop an understanding of economic theory, terminology and principles. https://infoguidenigeria.org
The Cambridge IGCSE Past Questions Economics syllabus provides a foundation for further study, including Cambridge International AS & A Level Economics, or the equivalent.
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Why you need IGCSE Past Questions Economics
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How is IGCSE Past Questions Economics Pattern?
IGCSE Past Questions and Answers are patterned in multiple choice format and it is not usually computer based. All Candidate are expected to be in the hall on time with their exams materials. Any course that involves calculation means you are to bring mathematical instruments, logarithm tables and calculator to assist you in the examination (IF THEY ARE ACCEPTED BY THE EXAMINER).
Sample of IGCSE Past Questions Economics
1 Each of the factors of production earns an income.
What are the incomes for land and capital?
land capital
A rent interest
B rent profit
C wages interest
D wages profit
2 A firm decides to stop manufacturing ovens and to produce washing machines instead.
What is the opportunity cost to the firm?
A the additional washing machines produced
B the cost of producing ovens
C the cost of producing washing machines
D the loss of the production of ovens
3 What is an advantage of the market economic system?
A It aims for equality of income.
B It ensures the provision of defence and law and order.
C It gives an incentive to produce.
D It reduces pollution and congestion
4 What is meant by the economic problem?
A how to achieve efficiency with the existence of fixed resources and limited wants
B how to allocate resources between public and private sectors
C how to balance unlimited wants against finite resources
D how to decide which methods to use to exploit all resources
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7 Tips to Prepare for Exams
- Don’t make reading your hobby: A lot of people put reading as a hobby in their CV, they might be right because they have finished schooling. But “You” are still schooling, so reading should be in top priority and not as a hobby. Read far and wide to enhance your level of aptitude
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- Reduce your time in social media: Some people live their entire life on Facebook, Twitter, WhatsApp, Messenger chat. This is so bad and catastrophic if you are preparing for exams. Try and reduce your time spent on social media during this time. Maybe after the exams, you can go back and sleep in it.
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