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

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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