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CIMA Updated BA1 Exam Questions and Answers by daisy-may

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CIMA BA1 Exam Overview :

Exam Name: Fundamentals of Business Economics
Exam Code: BA1 Dumps
Vendor: CIMA Certification: CIMA Certificate
Questions: 468 Q&A's Shared By: daisy-may
Question 44

When a tax is imposed upon a commodity which the producers must pay to the government, this will cause the commodities?

Options:

A.

Supply curve to shift to the right

B.

Demand curve to shift to the right

C.

Demand curve to shift to the left

D.

Supply curve to shift to the left

Discussion
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Question 45

Which of the following statements is always true for a merit good?

Options:

A.

It is characterized by non-excludability and non-rivalry

B.

When consumed, the social benefits exceed the private benefits

C.

Zero negative externalities result from the consumption of a merit good

D.

It is provided free by the government

Discussion
Question 46

A train company acknowledges that externalities may reduce the welfare of its customers when it provides

Options:

A.

Restaurant cars in its trains

B.

Smoking and non-smoking carriages

C.

Reserved seats for disabled passengers

D.

Discounted prices for season-ticket holders

Discussion
Question 47

If a firm increases employment of all its factors of production by 50% and as a result output increases by 60%, it has experienced

Options:

A.

Increasing productivity of labor

B.

Increasing returns to scale

C.

External economies of scale

D.

The benefits of the division of labor

Discussion
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