BA1 Exam Dumps - Fundamentals of Business Economics

Which of the following describes the slope of a normal supply curve?

Based on historical time series data, a chemicals company uses sales ($million) as the y variable and time (year) as the x variable and equation.

y = - 3935 47 + 2 02x

Using the equation, what is the company's predicted sales for the year 2020? Give your answer to the nearest million.

A binding financial contract that can be used to hedge exchange rate risks by fixing the rate of exchange at a fixed date, and can be traded in financial markets, is known as:

Based on a trade balance between Country A and Country B over a ten year period, the underlying trend of the trade balance is represent equation

-114.027 -1.47x

where x is the time period expressed in years.

Assuming an additive forecasting model, with a seasonal factor of 82 6, then the forecast for year 2016, in whole units is:

If the demand curve for good A is negatively sloped, a fall in the price of a substitute good B results in

Why do monopoly market structures charge higher prices than would be charged by more competitive market structures?

Which of the following statements most accurately describes the role of an agent as defined in principal-agent theory?

Which of the following is NOT a characteristic of a pure public good?