CIMA BA1 Actual Free Exam Questions & Community Discussion
Vencia has recently been faced with international condemnation due to its tendency to engage in 'dirty floating'. This is combined with high interest rates as well as underdeveloped industries.
What would likely be the result of these conditions on Vencia's trade?
What would likely be the result of these conditions on Vencia's trade?
Correct Answer: B,E
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Which of the following can be efficiently allocated between competing uses by the price mechanism?
Correct Answer: C
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Based on the past twenty months, an event decorating company develops a trend equation for forecasting sales revenue (y) where y = 4.38 + 1.32x.
If month 21 has a seasonal factor of times 1.07, then what is the forecast for the month, using a multiplicative model? Give your answer to two decima places.
If month 21 has a seasonal factor of times 1.07, then what is the forecast for the month, using a multiplicative model? Give your answer to two decima places.
Correct Answer:
34.35
Country Y and country Z both impose tariffs on goods imported from each other. Which of the following would likely to be a long-term effect of the imposition of such tariffs?
Correct Answer: C
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Golden Crisp Cereals has calculated that its demand price elasticity is -1.4. It wants to expand in order to produce more cereal and hence increase its sales.
Which of the following are ways in which Golden Crisp Cereals could expand in the short run?
Select ALL that apply.
Which of the following are ways in which Golden Crisp Cereals could expand in the short run?
Select ALL that apply.
Correct Answer: B,C
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A business sells soft drinks at S3 a bottle and its current sales are 20,000 bottles per month. The price elasticity of demand for this product is -2 If the price is reduced to $2 70, the change in the total revenue for the business will be:
Correct Answer: A
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Which of the following assertions would not be consistent with supply side economics?
Correct Answer: A
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Which of the following have been recommended in order to prevent a repeat of the 2008 financial crisis?
Correct Answer: A
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Which of the following describes a 'spot rate' in foreign currency dealing?
Correct Answer: A
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Company A owns a factory in a foreign country. Which of the following types of exchange rate risk is company A most likely to experience in relation to the value of the factory'?
Correct Answer: C
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The incentive for two countries to trade with each other would be reduced or removed by (i). people in both countries having similar tastes and preferences (ii). per capita income being much higher in one country than in the other (iii). transport costs between the two countries exceeding the output gain from trade (iv). the industries in both countries suffering from significant decreasing returns to scale
Correct Answer: A
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If a group of countries have adopted:
(i). Free trade in goods and services between member states,
(ii). Free movement of capital and labor between member states,
(iii). A common external tariff policy,
This would be an example of a(n)
(i). Free trade in goods and services between member states,
(ii). Free movement of capital and labor between member states,
(iii). A common external tariff policy,
This would be an example of a(n)
Correct Answer: C
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The main purpose of government competition policy is to
Correct Answer: B
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Which of the following is most likely to lead to a rise in the exchange rate of country's currency and a fall in the price of stocks shares?
Correct Answer: A
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