Question No 54:
The economic welfare case for governments increasing taxes on petrol to raise its real price is that?
A. Oil is a scarce resource.
B. It would reduce the imports of oil.
C. There is a large demand for petrol.
D. Petrol consumption involves external social costs.
Answer: D
Thursday, 19 May 2016
Friday, 13 May 2016
Cima C04 Exam Question No 53
Question No 53:
Whenever government intervention prevents prices from reaching their equilibrium level, the
result will always include ALL of the following EXCEPT which ONE?
A. Shortages or surpluses.
B. Demand and supply not equal.
C. Reduced profits for producers.
D. Resources not allocated by price.
Answer: D
Whenever government intervention prevents prices from reaching their equilibrium level, the
result will always include ALL of the following EXCEPT which ONE?
A. Shortages or surpluses.
B. Demand and supply not equal.
C. Reduced profits for producers.
D. Resources not allocated by price.
Answer: D
Thursday, 5 May 2016
Cima C04 Exam Question No 52
Question No 52:
All of the following factors will lead to an imperfect allocation of resources EXCEPT which ONE?
A. There are some production costs that are not borne by the producer.
B. Consumers only wish to buy a limited amount of the product.
C. There are spill over benefits in consumption.
D. Consumers have limited knowledge of market prices.
Answer: B
All of the following factors will lead to an imperfect allocation of resources EXCEPT which ONE?
A. There are some production costs that are not borne by the producer.
B. Consumers only wish to buy a limited amount of the product.
C. There are spill over benefits in consumption.
D. Consumers have limited knowledge of market prices.
Answer: B
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