Question No 51:
Which ONE of the following is NOT a potential source of market failure?
A. External costs.
B. External benefits.
C. An unequal income distribution.
D. The existence of monopolies.
Answer: C
Thursday, 28 April 2016
Thursday, 21 April 2016
Cima C04 Exam Question No 50
Question No 50:
Which ONE of the following is an example of an external social cost?
A. Bad weather reducing the output of the farm sector.
B. Possible illness caused to owners of mobile phones as a result of excessive use.
C. Smoke emissions by a factory causing health problems for nearby residents.
D. Cost increases caused by rising prices of imported raw materials.
Answer: C
Which ONE of the following is an example of an external social cost?
A. Bad weather reducing the output of the farm sector.
B. Possible illness caused to owners of mobile phones as a result of excessive use.
C. Smoke emissions by a factory causing health problems for nearby residents.
D. Cost increases caused by rising prices of imported raw materials.
Answer: C
Thursday, 7 April 2016
Cima C04 Exam Question No 49
Question No 49:
Which ONE of the following does NOT restrict the number of firms in an industry?
A. Low levels of product differentiation.
B. Significant economies of scale.
C. Barriers to entry.
D. The use of capital-intensive technology in the industry.
Answer: A
Which ONE of the following does NOT restrict the number of firms in an industry?
A. Low levels of product differentiation.
B. Significant economies of scale.
C. Barriers to entry.
D. The use of capital-intensive technology in the industry.
Answer: A
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