IGCSE Economics Last Minute Revision Sheets -Set-2

  • About this section:
  • This section , known as the " Last Minute Revision Section"  or the LMR section is aimed to help speedy revision during board exam time and even otherwise.
  • Each LMR sheet set contains answers to 7 questions taken randomly from the syllabus.
  • All material is  compiled by Cambridge trained staff and is strictly in tune with the syllabus requirements and in the Cambridge required vocabulary
  • We all know that the IGCSE syllabus is based on concepts and application skills. The LMR sheets will help you develop strong concepts with the necessary examination vocabulary.
  • When one religiously makes an effort to learn through these  LMR sheets , there are no  remote chances of he/she losing marks in the exams.


The first set contains answers to the following questions:

  1. Explain 2 reasons why firms merge.
  2. Discuss whether people in countries with high HDI always enjoy a high standard of living
  3. Discuss whether a rise in direct taxes will  reduce economic growth.
  4. Explain what is meant by price elasticity of demand.
  5. Explain why market failure could happen in an economy.
  6. Explain 2 reasons why a country might want to restrict exports
  7. Analyse the advantages of being a sole trader.

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