Edexcel B Theme 2 Practice Questions

Growth and its methods, R&D, the digital economy and small firms · 34 questions

• 2.1.1 Growth 7 questions
• 2.1.2 Methods of Growth 6 questions
• 2.1.3 Research and Development and Innovation 7 questions
• 2.1.4 The Digital Economy 7 questions
• 2.1.5 How Small Firms Compete 7 questions

PED, pricing strategies, non-price competition and YED · 29 questions

• 2.2.1 Price Elasticity of Demand 7 questions
• 2.2.2 Competing on Price 8 questions
• 2.2.3 Non-Price Competition 7 questions
• 2.2.4 Income Elasticity of Demand 7 questions

Productivity, capacity utilisation, lean production and costs · 28 questions

• 2.3.1 Productivity 7 questions
• 2.3.2 Capacity Utilisation 7 questions
• 2.3.3 Lean Production 7 questions
• 2.3.4 Impact on Costs and Sales Revenue 7 questions

Globalisation, types of economy, trade and exchange rates · 29 questions

• 2.4.1 Globalisation 7 questions
• 2.4.2 Developed, Emerging and Developing Economies 7 questions
• 2.4.3 International Trade 7 questions
• 2.4.4 Exchange Rates 8 questions

The cycle, the circular flow, inflation and unemployment · 26 questions

• 2.5.1 The Economic Cycle 6 questions
• 2.5.2 Circular Flow of Income 6 questions
• 2.5.3 Inflation 7 questions
• 2.5.4 Employment and Unemployment 7 questions

Objectives, policy instruments and the trade-offs between them · 21 questions

• 2.6.1 Macroeconomic Objectives 6 questions
• 2.6.2 Policy Instruments 7 questions
• 2.6.3 Policy Conflicts and Trade-Offs 8 questions