Cima passguarantee cima Certificate Ba1 Updated Exam by Daisy-may q94 vce pdf

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Exam Name:	Fundamentals of Business Economics
Exam Code:	BA1 Dumps
Vendor:	CIMA	Certification:	CIMA Certificate
Questions:	468 Q&A's	Shared By:	daisy-may

Question 44

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

Options:

Supply curve to shift to the right

Demand curve to shift to the right

Demand curve to shift to the left

Supply curve to shift to the left

Discussion

Question 45

Which of the following statements is always true for a merit good?

Options:

It is characterized by non-excludability and non-rivalry

When consumed, the social benefits exceed the private benefits

Zero negative externalities result from the consumption of a merit good

It is provided free by the government

Discussion

Question 46

A train company acknowledges that externalities may reduce the welfare of its customers when it provides

Options:

Restaurant cars in its trains

Smoking and non-smoking carriages

Reserved seats for disabled passengers

Discounted prices for season-ticket holders

Discussion

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Question 47

If a firm increases employment of all its factors of production by 50% and as a result output increases by 60%, it has experienced

Options:

Increasing productivity of labor

Increasing returns to scale

External economies of scale