| Exam Name: | Fundamentals of Business Economics | ||
| Exam Code: | BA1 Dumps | ||
| Vendor: | CIMA | Certification: | CIMA Certificate |
| Questions: | 468 Q&A's | Shared By: | cassidy |
During recessions many governments borrow to give them funds to increase government expenditure on job creation schemes. They then repay the borrowed funds during the boom phase. This is an example of which of the following?
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
TESTED 22 Dec 2024
