CIMAPRA17-BA1-1-ENG Dumps CIMAPRA17-BA1-1-ENG Braindumps CIMAPRA17-BA1-1-ENG Real Questions CIMAPRA17-BA1-1-ENG Practice Test CIMAPRA17-BA1-1-ENG Actual Questions CIMA CIMAPRA17-BA1-1-ENG Fundamentals of Business Economics https://killexams.com/pass4sure/exam-detail/CIMAPRA17-BA1-1-ENG Question: 90 A business would benefit most from an appreciation in the currency of the country in which it is based if: A . it exports to other countries a significant proportion of its output B . it imports a high proportion of the raw materials and components it uses C . in its domestic market it faces competition from imports D . its production costs are largely domestic labor costs Answer: B Question: 91 All of the following could cause the onset of a recession except which one? A . A significant appreciation of the exchange rate B . A decline in business investment C . A significant fall in personal savings rates D . An increase in the government budget deficit Answer: C Question: 92 All of the following items would appear as a credit on the current account of a country’s balance of payments accounts except which one? A . Interest payments on financial assets held overseas. B . Exports of manufactured goods. C . Outflows of capital. D . Expenditure by visiting foreign tourists. Answer: C Question: 93 When the economy is in recession, which of the following is least likely to reduce unemployment? A . An expansionary fiscal policy B . The central bank cutting interest rates C . Retraining schemes for redundant workers D . A regulation extending employment rights for newly-hired workers Answer: D Question: 94 All of the following would lead to fall in the circular flow of national income except which one ? A . A fall in business investment B . A fall in personal savings rates C . A reduction in the level of government expenditure D . A rise in the marginal propensity to save Answer: D Question: 95 The imposition of a tariff on imported goods by a country’s government will result in all of the following except one. Which ONE is the exception? A . A shift in domestic income from consumers to producers of the goods B . A rise in the domestic price of the imported good C . Greater cost push inflationary pressure in the economy D . A shift to the left in the demand curve for the imported good Answer: D Question: 96 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? A . The IMF B . The World Bank C . The World Trade Organization D . The G20 Answer: A Question: 97 Which of the following statements about supply-side economics is correct? A . Supply-side policies are part of aggregate demand management policies. B . Fiscal policy cannot be used as a part of supply-side policy C . Supply-side economists always reject the use of policy to expand demand D . Supply-side policies are used to improve the economy’s efficiency and competitiveness Answer: D Question: 98 If an economy went into a recession, which industry would experience the largest proportionate fall in sales, output and employment? A . Retail supermarkets B . Food processing industry C . Petrol retailing D . Luxury good manufacturers Answer: D Question: 99 All of the following are regarded as objectives of profit seeking organizations except one. Which ONE is the exception? A . Raising shareholder wealth B . Long term growth in sales C . Meeting regulatory, accounting and reporting standards D . Maximizing profit Answer: C Question: 100 Select the best definition of a regressive tax from the options below: A . A tax which rises proportionately with income B . A tax which rises more than proportionately with income C . A tax which rises less than proportionately with income D . 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