BA1 Exam Dumps - Fundamentals of Business Economics

Which of the following events might cause the demand curve for chicken meat to shift to the right?

If the government imposed a legal minimum wage that was above the market equilibrium wage, the resulting unemployment would be the greatest when:

The management of Pennyfarthing's Toy Bazaar requires financial advice, but is unsure of which type of bank to approach to acquire this. The company receives a profit of £1,000,000 a year, and currently operates in

Europe and North America.

Which of the following reasons explains why Pennyfarthings Toy Bazaar should use a wholesale bank?

Which of the following are reasons why the principal-agent problem is so critical for businesses? Select ALL that apply.

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?

Assuming Country A has a floating exchange rate which of the following would lead to a fall of the exchange rate for Country A and which rise m the exchange rate for Country A.

Complete the table below by matching the relevant label on the exchange rate of the scenarios listed.

In a given economy of every $1 of additional income:

$0.68 is spent on consumption of domestically produced goods

$0.13 is spent on imported goods

$0.15 is taxed by government

What is the value of the multiplier in this economy?

Country X is a country highly reliant on its oil exports. However, in recent months, oil prices have fallen by 20%. It is located near Country Y, an oil exporter which is a member of a trading bloc. Country X has some coal reserves, but faces stiff competition from Country Z, a member of the trading bloc, which also exports coal.

Which of the following would be the most effective way for the government to alleviate these circumstances?

Select ALL that apply.