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BA1 Exam Dumps : Fundamentals of Business Economics

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Fundamentals of Business Economics Questions and Answers

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Question 1

Which global institution is concerned with co-coordinating economic policies and agreeing banking and financial regulations?

Options:

A.

The IMF

B.

The World Bank

C.

The World Trade Organization

D.

The G20

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Question 2

industrial action is more likely to occur within a large organisation than a small organisation, due to senior management becoming re managers becoming complacent, as well as shop floor hostility. The effect of this will be an increasing average cost as production

The statement above is most closely describing an example of which of the following?

Options:

A.

External diseconomy of scale.

B.

Internal diseconomy of scale

C.

Internal economy of scale

D.

External economy of scale

Question 3

Which of the following best defines “aggregate supply”?

Options:

A.

The stock of output available for sale in an economy

B.

The full employment level of output of the economy

C.

The flow of goods and services produced by an economy during the year

D.

The level of prices at which output can be sold in an economy

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