Which TWO of the following policy actions might be available to a government that wishes to reduce a deficit in the balance of payments?
Which of the following statements defines a diseconomy of scale?
The following table shows the profits of a business and an index of the general price level for 4 years
How does the level of real (inflation adjusted) profits in 20X4 compare to those of 20X1 ?
Futures are like forwards in that:
Market price refers to:
Which of the following types of graph uses cumulative frequency distributions to illustrate information?
industrial action is more likely to occur within a large organisation than a small organisation, due to senior management becoming re managers becoming complacent, as well as shop floor hostility. The effect of this will be an increasing average cost as production
The statement above is most closely describing an example of which of the following?
Which of the following is an example of an indirect tax?
A research business compiles the following data for Country D over 8 years:
* Household expenditure, y (in millions of constant 20X6 dollars);
* The number of fixed broadband internet subscribers, x (in thousands).
Based on this information the following regression model is developed:
y = 332668 * 45.8x - 0 003x2
Which of the following statements is correct?
A business has a short-term problem with its payments exceeding its receipts. Which TWO of the following would be appropriate for meeting this financial shortfall?
Which THREE of the following are examples of supply-side policies?
The following cash flows are for a capital project where the required rate of return is 8 percent
Calculate the NPV for the project. Give your answer to the nearest whole number
Which THREE of the following are objectives of corporate governance?
A government issues a security which promises to pay $100 per year indefinitely. What is it worth if the required rate of return is..
Which of the following is a primary objective of a not-for-profit organisation?
Atu, a new social media platform, has launched an advertising campaign directed at areas of Country X where there is a higher proportion of young people than elsewhere.
Which source is most likely to have been used by Atu to acquire this data?
Quantitative easing, the purchase of government or private securities by the central banks from investors, is an example of
The economy of Country V is initially in equilibrium at a level of national income and employment denoted by Y, at price level denoted by P If there is an increase in aggregate demand, indicate on the graph below the new equilibrium point in the economy.
West Morton Rail has calculated that the number of passengers travelling on their railway increases during school holidays, while the inverse is true for most other railways in the country.
Which of the following is the most likely reason for this unusual correlation?
Which of the following is an example of fiscal policy?
Which THREE of the following businesses are more likely to fare belter during a recession?
A clothes retailer has estimated a linear trend equation including trend, seasonal and cyclical components to forecast its sales for the next four quarters Which of the following factors would generate actual sales figures that are likely to differ markedly from the forecast?
'The £ has risen against other currencies since August, defying forecasters who thought that the UK's widening trade deficit must cause the £'s exchange rate to fall.'
From the above information, it can be concluded that, since August
The graph shows house prices in Lingford, a large urban town in a prosperous region.
Which of the following would be the equilibrium price for houses in Lingford?
A bottle of brandy costs £25 in Country X, including both unit tax and ad valorem tax. These taxes are applied throughout the production process.
Which of the following applies to this particular scenario? Select ALL that apply.
A railway franchise in north-eastern Messu Potami has recently changed hands, and is now being operated by the company IstClass. However, IstClass already operate the railway franchise in northwestern Messu
Potami.
Which of the following courses of action would be most appropriate for the government of Messu Potami to take?
Select ALL that apply.
The Competition and Markets Authority is a regulatory body in the UK. In 2017, the CMA found the proposed merger of Heineken and Punch Pubs in breach of its competition laws. Heineken and Punch Pubs have agreed
to divest in pubs in areas where they are the two dominant pub companies.
Which of the following are ways in which consumers might directly benefit from this decision?
Select ALL that apply.
A wireless phone manufacturer currently sells 2,000 units per quarter at a price of $400 The estimated price elasticity of demand is -2.5.
The manufacturer is considering an increase in the price to $440
What will this raise (+) or reduce (-) total revenue by? Give your answer in whole numbers.
Which ONE of the following would make the market supply of a product price elastic?
Which of the following statements about public goods is correct?
One of the features of an oligopoly market is that the pricing strategy of producers
Which of the following is likely to cause the demand curve of margarine to shift to the left?
If the price elasticity of supply for a good over a certain price range is 0.8, the increase in the quantity supplied of that good, following a 10% increase in its price, will be
All of the following would tend to lead to an industry being dominated by a small number of firms except one. Which ONE is the exception?
A market is in equilibrium. If the government imposes a minimum price above the equilibrium price, there will be:
In a market economy the market mechanism can achieve all the following except one. Which is the exception?
A rise in the demand for petrol by motorists is likely to follow a rise in the price of:
Porter describes differentiation as a firm having a unique product or service that is valued by the customer. Which ONE of the following is NOT a factor in the higher prices and profits from differentiated products?
In a supply and demand diagram, other things remaining the same, an increase in production costs will normally shift:
All of the following will tend to increase the number of firms in any one industry except which one?
Which of the following are external stakeholders for an organization?
i. Shareholders
ii. Customers
iii. Government
iv. Trade Unions
v. Pressure groups
vi. Employees
An example of forward vertical integration is
Oxfam is a charity established to provide aid to the poor. Which ONE of the following statements about Oxfam is FALSE?
Which global institution is concerned with co-coordinating economic policies and agreeing banking and financial regulations?
The equilibrium level of national income in an economy is the level of income at which
All of the following are regarded as objectives of profit seeking organizations except one. Which ONE is the exception?
Which of the following is not taken into account by the discount factor applied to future earnings when calculating shareholder value?
Which ONE of the following is NOT required in calculating the EPS of ABC plc?
Which ONE of the following is an External stakeholder in a state-owned energy provider?
Inflation is undesirable for all of the following reasons except which one?
If a government adopted a fiscal policy of cutting its budget deficit, the aggregate demand and supply model shows that the result would be:
Which global financial institution is responsible for providing stabilization funding to assist developed and developing countries with short term borrowing needs and needs for foreign currency?
Which of the following best defines “aggregate supply”?
Which ONE of the following best explains the statement 'In not for profit organizations money is a constraint and not a goal'?
Which ONE of the following is regarded as a general characteristic of an organization?
When faced with a recession, the appropriate combination of policies for a government in order to generate a recovery is
Select the best definition of the corporate governance of a company from the list below.
A financial intermediary takes the small deposits of millions of savers and uses them to buy an issue of government (treasury) bills and bonds.
Identify from the list below the principle this illustrates:
What is described by the following definition 'the total accumulated amount the state owes to lenders in its own country and internationally'?
Which of the following describes a 'spot rate' in foreign currency dealing?
A country's currency depreciates (falls) on the foreign exchange market. All of the following would be the effects of this on businesses within the country except which one?
Identify which of the following features does not distinguish redeemable debt apart from equity:
A government may try to reduce a balance of payments deficit on current account by using either expenditure-reducing policies or expenditure-switching policies.
Which of the following is an expenditure-reducing policy?
Which of the following statements about government debt is false?
Lending to member states that are experiencing serious balance of payments problems is the role of:
Which of the following is not a source of long-term capital for a company?
If a firm reduces the price of its good from $10 to $8 and, as a result, sales rise from 20,000 per month to 22,000 per month, the price elasticity of demand for its good must be
The central bank can increase liquidity in the banking system, by:
The stock market fulfils all of the following functions except which one?
The International Monetary Fund uses the funds at its disposal to
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