최신 BA1 무료덤프 - CIMA Fundamentals of Business Economics

문제1

Which ONE of the following statements does NOT describe a position of profit maximization?

A. MC=MR

B. Total cost curve has the same slope as the total revenue curve

C. Point of greatest excess of total revenue over total costs

D. Price elasticity of demand is less than 1

정답: D

문제2

Total economic welfare derived from an activity will be maximized if the activity is undertaken up to the point at which

A. Marginal social benefit equals marginal private benefit

B. Marginal private benefit exceeds marginal private cost

C. Marginal private benefit equals marginal private cost

D. Marginal social benefit equals marginal social cost

정답: D

문제3

When a tax is imposed upon a commodity which the producers must pay to the government, this will cause the commodities?

A. Supply curve to shift to the left

B. Supply curve to shift to the right

C. Demand curve to shift to the left

D. Demand curve to shift to the right

정답: A

문제4

The government of Vencia has set out in its Budget a restrictive set of fiscal policies. These include raising VAT and the basic rate of income tax to 25%. The Bank of Vencia must now implement this Budget as monetary policy.
Which of the following best outlines how the Bank of Vencia might do this?

A. Lower the capital adequacy ratio, increasing banks' lending power

B. Implement quantitative easing programmes, buy bonds and treasury bills

C. Halt all ongoing quantitative easing programmes, buy bonds at a higher interest rate and sell treasury bills

D. Implement quantitative easing programmes, sell bonds and buy treasury bills

정답: C

문제5

Which ONE of the following best explains the statement 'In not for profit organizations money is a constraint and not a goal'?

A. Money limits how far the organization can achieve its goals

B. There is no need for the organization to be efficient

C. There is a trade off between financial and non-financial goals

D. Money be ignored because reaching the goals of the organization is all that matters

정답: A

문제6

If in the short run a business raises the output of its product then

A. average fixed cost will remain constant over the whole range of output

B. average variable cost will fall over the whole range of output

C. average total cost will initially fall and then rise as output is increased

D. average total cost will fall until constant returns to scale achieved

정답: C

문제7

All of the following are examples of externalities except which one?

A. Road congestion caused by rush hour traffic on the roads

B. Pollution resulting from a production process

C. Some consumers being unable to afford goods because prices have been driven up by the demand from other consumers

D. Firms training workers who then move to other employers

정답: C

문제8

Country A's tax system is one where every citizen pays tax on earned income over S12,000 per year. The amount of tax paid as a percentage of income rises as individuals income levels rise.
Which of the following describes the nature of the tax paid by individuals in Country A?

A. Progressive

B. Retentive

C. Proportional

D. Regressive

정답: D

문제9

If out of every £20 million increase in national income, £2 million is saved, £4 million is spent on imports and
£4 million is paid to the government in taxation, an increase in exports of £40 million will lead to an eventual increase in national income of

A. £20 million

B. £80 million

C. £40 million

D. £400 million

정답: B

문제10

All of the following would be motives for a horizontal merger except one. Which ONE is the exception?

A. To reduce competition in the industry

B. To secure economies of scale

C. To pool technology and research

D. To secure sources of supply

정답: D

최신 BA1 무료덤프 - CIMA Fundamentals of Business Economics

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