{"id":17592,"date":"2021-01-12T03:10:21","date_gmt":"2021-01-12T03:10:21","guid":{"rendered":"https:\/\/www.dumpsbase.com\/freedumps\/?p=17592"},"modified":"2021-01-12T03:10:29","modified_gmt":"2021-01-12T03:10:29","slug":"ba1-fundamentals-of-business-economics-cimapra17-ba1-1-eng-exam-dumps","status":"publish","type":"post","link":"https:\/\/www.dumpsbase.com\/freedumps\/ba1-fundamentals-of-business-economics-cimapra17-ba1-1-eng-exam-dumps.html","title":{"rendered":"BA1 &#8211; Fundamentals of Business Economics CIMAPRA17-BA1-1-ENG Exam Dumps"},"content":{"rendered":"\n<p>CIMAPRA17-BA1-1-ENG exam is one of Certificate in Business Accounting (Cert BA) exams. There are four exams in Certificate in Business Accounting (Cert BA) exams. Cert BA exams are 120 minutes long. BA1, BA2 and BA3 will each contain 60 objective test questions, while BA4 will contain 85 objective test questions. CIMAPRA17-BA1-1-ENG BA1 &#8211; Fundamentals of Business Economics exam is hot, when you decided to take CIMAPRA17-BA1-1-ENG exam, you need to come to DumpsBase for CIMAPRA17-BA1-1-ENG exam dumps. We ensure that you can pass CIMAPRA17-BA1-1-ENG exam successfully.<\/p>\n<h2><span style=\"color: #008000;\">Read CIMAPRA17-BA1-1-ENG Free Dumps Online<\/span><\/h2>\n<script>\n\t  window.fbAsyncInit = function() {\n\t    FB.init({\n\t      appId            : '622169541470367',\n\t      autoLogAppEvents : true,\n\t      xfbml            : true,\n\t      version          : 'v3.1'\n\t    });\n\t  };\n\t\n\t  (function(d, s, id){\n\t     var js, fjs = d.getElementsByTagName(s)[0];\n\t     if (d.getElementById(id)) {return;}\n\t     js = d.createElement(s); js.id = id;\n\t     js.src = \"https:\/\/connect.facebook.net\/en_US\/sdk.js\";\n\t     fjs.parentNode.insertBefore(js, fjs);\n\t   }(document, 'script', 'facebook-jssdk'));\n\t<\/script><script type=\"text\/javascript\" >\ndocument.addEventListener(\"DOMContentLoaded\", function(event) { \nif(!window.jQuery) alert(\"The important jQuery library is not properly loaded in your site. Your WordPress theme is probably missing the essential wp_head() call. You can switch to another theme and you will see that the plugin works fine and this notice disappears. If you are still not sure what to do you can contact us for help.\");\n});\n<\/script>  \n  \n<div  id=\"watupro_quiz\" class=\"quiz-area single-page-quiz\">\n<p id=\"submittingExam5023\" style=\"display:none;text-align:center;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\"><\/p>\n\n<div class=\"watupro-exam-description\" id=\"description-quiz-5023\"><\/div>\n\n<form action=\"\" method=\"post\" class=\"quiz-form\" id=\"quiz-5023\"  enctype=\"multipart\/form-data\" >\n<div class='watu-question ' id='question-1' style=';'><div id='questionWrap-1'  class='   watupro-question-id-161143'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>1. <\/span>It is necessary to include a balancing item in the balance of payments accounts in order to<\/div><input type='hidden' name='question_id[]' id='qID_1' value='161143' \/><input type='hidden' id='answerType161143' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161143[]' id='answer-id-653337' class='answer   answerof-161143 ' value='653337'   \/><label for='answer-id-653337' id='answer-label-653337' class=' answer'><span>Balance the current and capital accounts<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161143[]' id='answer-id-653338' class='answer   answerof-161143 ' value='653338'   \/><label for='answer-id-653338' id='answer-label-653338' class=' answer'><span>Ensure that balance of payments equilibrium is achieved<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161143[]' id='answer-id-653339' class='answer   answerof-161143 ' value='653339'   \/><label for='answer-id-653339' id='answer-label-653339' class=' answer'><span>Record accurately changes in the balance of official reserves<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161143[]' id='answer-id-653340' class='answer   answerof-161143 ' value='653340'   \/><label for='answer-id-653340' id='answer-label-653340' class=' answer'><span>Compensate for mistakes made when recording current and capital flows<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-2' style=';'><div id='questionWrap-2'  class='   watupro-question-id-161144'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>2. <\/span>All of the following are elements of a supply side policy except which one?<\/div><input type='hidden' name='question_id[]' id='qID_2' value='161144' \/><input type='hidden' id='answerType161144' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161144[]' id='answer-id-653341' class='answer   answerof-161144 ' value='653341'   \/><label for='answer-id-653341' id='answer-label-653341' class=' answer'><span>Reductions in the marginal rates of taxation.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161144[]' id='answer-id-653342' class='answer   answerof-161144 ' value='653342'   \/><label for='answer-id-653342' id='answer-label-653342' class=' answer'><span>Increased entitlement to social security and unemployment benefits.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161144[]' id='answer-id-653343' class='answer   answerof-161144 ' value='653343'   \/><label for='answer-id-653343' id='answer-label-653343' class=' answer'><span>Increased public expenditure on education and training.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161144[]' id='answer-id-653344' class='answer   answerof-161144 ' value='653344'   \/><label for='answer-id-653344' id='answer-label-653344' class=' answer'><span>Privatization of public sector industries.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-3' style=';'><div id='questionWrap-3'  class='   watupro-question-id-161145'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>3. <\/span>A country has a trade deficit. The demand for its imports and exports are both price elastic. <br \/>\r<br>All of the following would lead to an a reduction in the country's trade deficit except which one?<\/div><input type='hidden' name='question_id[]' id='qID_3' value='161145' \/><input type='hidden' id='answerType161145' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161145[]' id='answer-id-653345' class='answer   answerof-161145 ' value='653345'   \/><label for='answer-id-653345' id='answer-label-653345' class=' answer'><span>A fall in consumer incomes in the country.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161145[]' id='answer-id-653346' class='answer   answerof-161145 ' value='653346'   \/><label for='answer-id-653346' id='answer-label-653346' class=' answer'><span>An improvement in the country's terms of trade.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161145[]' id='answer-id-653347' class='answer   answerof-161145 ' value='653347'   \/><label for='answer-id-653347' id='answer-label-653347' class=' answer'><span>A depreciation in the exchange rate for the country's currency.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161145[]' id='answer-id-653348' class='answer   answerof-161145 ' value='653348'   \/><label for='answer-id-653348' id='answer-label-653348' class=' answer'><span>A rise in the rate of inflation in its trading partners' economies.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-4' style=';'><div id='questionWrap-4'  class='   watupro-question-id-161146'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>4. <\/span>All of the following items would appear as a credit on the current account of a country's balance of payments accounts except which one?<\/div><input type='hidden' name='question_id[]' id='qID_4' value='161146' \/><input type='hidden' id='answerType161146' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161146[]' id='answer-id-653349' class='answer   answerof-161146 ' value='653349'   \/><label for='answer-id-653349' id='answer-label-653349' class=' answer'><span>Interest payments on financial assets held overseas.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161146[]' id='answer-id-653350' class='answer   answerof-161146 ' value='653350'   \/><label for='answer-id-653350' id='answer-label-653350' class=' answer'><span>Exports of manufactured goods.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161146[]' id='answer-id-653351' class='answer   answerof-161146 ' value='653351'   \/><label for='answer-id-653351' id='answer-label-653351' class=' answer'><span>Outflows of capital.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161146[]' id='answer-id-653352' class='answer   answerof-161146 ' value='653352'   \/><label for='answer-id-653352' id='answer-label-653352' class=' answer'><span>Expenditure by visiting foreign tourists.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-5' style=';'><div id='questionWrap-5'  class='   watupro-question-id-161147'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>5. <\/span>In a fully employed economy, which one of the following would lead to demand pull inflation?<\/div><input type='hidden' name='question_id[]' id='qID_5' value='161147' \/><input type='hidden' id='answerType161147' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161147[]' id='answer-id-653353' class='answer   answerof-161147 ' value='653353'   \/><label for='answer-id-653353' id='answer-label-653353' class=' answer'><span>A reduction in the rate of income tax<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161147[]' id='answer-id-653354' class='answer   answerof-161147 ' value='653354'   \/><label for='answer-id-653354' id='answer-label-653354' class=' answer'><span>A rise in value added tax<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161147[]' id='answer-id-653355' class='answer   answerof-161147 ' value='653355'   \/><label for='answer-id-653355' id='answer-label-653355' class=' answer'><span>An increase in the world price of oil<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161147[]' id='answer-id-653356' class='answer   answerof-161147 ' value='653356'   \/><label for='answer-id-653356' id='answer-label-653356' class=' answer'><span>A rise in interest rates<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-6' style=';'><div id='questionWrap-6'  class='   watupro-question-id-161148'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>6. <\/span>Which of the following best defines a fiscal policy?<\/div><input type='hidden' name='question_id[]' id='qID_6' value='161148' \/><input type='hidden' id='answerType161148' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161148[]' id='answer-id-653357' class='answer   answerof-161148 ' value='653357'   \/><label for='answer-id-653357' id='answer-label-653357' class=' answer'><span>A policy that increases government spending to increase national income<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161148[]' id='answer-id-653358' class='answer   answerof-161148 ' value='653358'   \/><label for='answer-id-653358' id='answer-label-653358' class=' answer'><span>A policy which seeks to influence the economy through manipulation of government spending and taxation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161148[]' id='answer-id-653359' class='answer   answerof-161148 ' value='653359'   \/><label for='answer-id-653359' id='answer-label-653359' class=' answer'><span>A policy aimed at influencing the level of aggregate demand in the economy<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161148[]' id='answer-id-653360' class='answer   answerof-161148 ' value='653360'   \/><label for='answer-id-653360' id='answer-label-653360' class=' answer'><span>A policy which controls inflation by controlling the amount of money in the economy<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-7' style=';'><div id='questionWrap-7'  class='   watupro-question-id-161149'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>7. <\/span>Which one of the following policies to correct a balance of payments current account deficit is an example of an expenditure reducing policy?<\/div><input type='hidden' name='question_id[]' id='qID_7' value='161149' \/><input type='hidden' id='answerType161149' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161149[]' id='answer-id-653361' class='answer   answerof-161149 ' value='653361'   \/><label for='answer-id-653361' id='answer-label-653361' class=' answer'><span>Depreciation of the currency.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161149[]' id='answer-id-653362' class='answer   answerof-161149 ' value='653362'   \/><label for='answer-id-653362' id='answer-label-653362' class=' answer'><span>The imposition of an import tax.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161149[]' id='answer-id-653363' class='answer   answerof-161149 ' value='653363'   \/><label for='answer-id-653363' id='answer-label-653363' class=' answer'><span>Increased income tax.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161149[]' id='answer-id-653364' class='answer   answerof-161149 ' value='653364'   \/><label for='answer-id-653364' id='answer-label-653364' class=' answer'><span>The use of import quotas.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-8' style=';'><div id='questionWrap-8'  class='   watupro-question-id-161150'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>8. <\/span>Which global financial institution is responsible for making long term loans to assist developing countries to invest and develop?<\/div><input type='hidden' name='question_id[]' id='qID_8' value='161150' \/><input type='hidden' id='answerType161150' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161150[]' id='answer-id-653365' class='answer   answerof-161150 ' value='653365'   \/><label for='answer-id-653365' id='answer-label-653365' class=' answer'><span>The IMF<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161150[]' id='answer-id-653366' class='answer   answerof-161150 ' value='653366'   \/><label for='answer-id-653366' id='answer-label-653366' class=' answer'><span>The World Bank<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161150[]' id='answer-id-653367' class='answer   answerof-161150 ' value='653367'   \/><label for='answer-id-653367' id='answer-label-653367' class=' answer'><span>The World Trade Organization<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161150[]' id='answer-id-653368' class='answer   answerof-161150 ' value='653368'   \/><label for='answer-id-653368' id='answer-label-653368' class=' answer'><span>The G20<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-9' style=';'><div id='questionWrap-9'  class='   watupro-question-id-161151'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>9. <\/span>All of the following are typical features of the downswing phase of the trade cycle except one. <br \/>\r<br>Which ONE is the exception?<\/div><input type='hidden' name='question_id[]' id='qID_9' value='161151' \/><input type='hidden' id='answerType161151' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161151[]' id='answer-id-653369' class='answer   answerof-161151 ' value='653369'   \/><label for='answer-id-653369' id='answer-label-653369' class=' answer'><span>A rise in the level of unemployment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161151[]' id='answer-id-653370' class='answer   answerof-161151 ' value='653370'   \/><label for='answer-id-653370' id='answer-label-653370' class=' answer'><span>A fall in the rate of inflation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161151[]' id='answer-id-653371' class='answer   answerof-161151 ' value='653371'   \/><label for='answer-id-653371' id='answer-label-653371' class=' answer'><span>The government budget balance moving towards a deficit<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161151[]' id='answer-id-653372' class='answer   answerof-161151 ' value='653372'   \/><label for='answer-id-653372' id='answer-label-653372' class=' answer'><span>The balance of payments current account moving towards a deficit<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-10' style=';'><div id='questionWrap-10'  class='   watupro-question-id-161152'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>10. <\/span>If an economy went into a recession, which industry would experience the largest proportionate fall in sales, output and employment?<\/div><input type='hidden' name='question_id[]' id='qID_10' value='161152' \/><input type='hidden' id='answerType161152' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161152[]' id='answer-id-653373' class='answer   answerof-161152 ' value='653373'   \/><label for='answer-id-653373' id='answer-label-653373' class=' answer'><span>Retail supermarkets<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161152[]' id='answer-id-653374' class='answer   answerof-161152 ' value='653374'   \/><label for='answer-id-653374' id='answer-label-653374' class=' answer'><span>Food processing industry<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161152[]' id='answer-id-653375' class='answer   answerof-161152 ' value='653375'   \/><label for='answer-id-653375' id='answer-label-653375' class=' answer'><span>Petrol retailing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161152[]' id='answer-id-653376' class='answer   answerof-161152 ' value='653376'   \/><label for='answer-id-653376' id='answer-label-653376' class=' answer'><span>Luxury good manufacturers<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-11' style=';'><div id='questionWrap-11'  class='   watupro-question-id-161153'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>11. <\/span>Which of the following would not be a reason for a government to impose a quota on imports?<\/div><input type='hidden' name='question_id[]' id='qID_11' value='161153' \/><input type='hidden' id='answerType161153' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161153[]' id='answer-id-653377' class='answer   answerof-161153 ' value='653377'   \/><label for='answer-id-653377' id='answer-label-653377' class=' answer'><span>To plan the orderly decline of industries that have lost comparative advantage<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161153[]' id='answer-id-653378' class='answer   answerof-161153 ' value='653378'   \/><label for='answer-id-653378' id='answer-label-653378' class=' answer'><span>To prevent dumping<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161153[]' id='answer-id-653379' class='answer   answerof-161153 ' value='653379'   \/><label for='answer-id-653379' id='answer-label-653379' class=' answer'><span>To protect infant and strategic industries<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161153[]' id='answer-id-653380' class='answer   answerof-161153 ' value='653380'   \/><label for='answer-id-653380' id='answer-label-653380' class=' answer'><span>To prevent completely the country's citizens consuming an imported demerit good<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-12' style=';'><div id='questionWrap-12'  class='   watupro-question-id-161154'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>12. <\/span>CORRECT TEXT <br \/>\r<br>A business is contemplating investing in a new project with a lifespan of three years and a capital cost of $100,000. <br \/>\r<br>The expected net cash flows from the project are as follows: <br \/>\r<br>Year 1 $35,000 <br \/>\r<br>Year 2 $50,000 <br \/>\r<br>Year 3 $40,000 <br \/>\r<br>The cost of capital to the business is 10% <br \/>\r<br>The net present value of the project is: $<\/div><input type='hidden' name='question_id[]' id='qID_12' value='161154' \/><input type='hidden' id='answerType161154' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-161154[]' id='textarea_q_161154' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-13' style=';'><div id='questionWrap-13'  class='   watupro-question-id-161155'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>13. <\/span>All of the following are objectives of not-for-profit organizations except one. <br \/>\r<br>Which ONE is the exception?<\/div><input type='hidden' name='question_id[]' id='qID_13' value='161155' \/><input type='hidden' id='answerType161155' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161155[]' id='answer-id-653382' class='answer   answerof-161155 ' value='653382'   \/><label for='answer-id-653382' id='answer-label-653382' class=' answer'><span>Value for money<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161155[]' id='answer-id-653383' class='answer   answerof-161155 ' value='653383'   \/><label for='answer-id-653383' id='answer-label-653383' class=' answer'><span>Maximization of financial surpluses<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161155[]' id='answer-id-653384' class='answer   answerof-161155 ' value='653384'   \/><label for='answer-id-653384' id='answer-label-653384' class=' answer'><span>Serving the public interest effectively<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161155[]' id='answer-id-653385' class='answer   answerof-161155 ' value='653385'   \/><label for='answer-id-653385' id='answer-label-653385' class=' answer'><span>Efficient use of physical and human resources<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-14' style=';'><div id='questionWrap-14'  class='   watupro-question-id-161156'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>14. <\/span>Which ONE of the following is regarded as a general characteristic of an organization?<\/div><input type='hidden' name='question_id[]' id='qID_14' value='161156' \/><input type='hidden' id='answerType161156' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161156[]' id='answer-id-653386' class='answer   answerof-161156 ' value='653386'   \/><label for='answer-id-653386' id='answer-label-653386' class=' answer'><span>Controlled performance of its activities<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161156[]' id='answer-id-653387' class='answer   answerof-161156 ' value='653387'   \/><label for='answer-id-653387' id='answer-label-653387' class=' answer'><span>Social goals towards society<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161156[]' id='answer-id-653388' class='answer   answerof-161156 ' value='653388'   \/><label for='answer-id-653388' id='answer-label-653388' class=' answer'><span>Collective goals towards society<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161156[]' id='answer-id-653389' class='answer   answerof-161156 ' value='653389'   \/><label for='answer-id-653389' id='answer-label-653389' class=' answer'><span>Social arrangement of people<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-15' style=';'><div id='questionWrap-15'  class='   watupro-question-id-161157'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>15. <\/span>A government might increase its budget deficit in order to reduce<\/div><input type='hidden' name='question_id[]' id='qID_15' value='161157' \/><input type='hidden' id='answerType161157' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161157[]' id='answer-id-653390' class='answer   answerof-161157 ' value='653390'   \/><label for='answer-id-653390' id='answer-label-653390' class=' answer'><span>Demand-deficient or cyclical unemployment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161157[]' id='answer-id-653391' class='answer   answerof-161157 ' value='653391'   \/><label for='answer-id-653391' id='answer-label-653391' class=' answer'><span>Frictional unemployment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161157[]' id='answer-id-653392' class='answer   answerof-161157 ' value='653392'   \/><label for='answer-id-653392' id='answer-label-653392' class=' answer'><span>Technological unemployment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161157[]' id='answer-id-653393' class='answer   answerof-161157 ' value='653393'   \/><label for='answer-id-653393' id='answer-label-653393' class=' answer'><span>Classical or real-wage unemployment<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-16' style=';'><div id='questionWrap-16'  class='   watupro-question-id-161158'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>16. <\/span>Select the best definition of a regressive tax from the options below:<\/div><input type='hidden' name='question_id[]' id='qID_16' value='161158' \/><input type='hidden' id='answerType161158' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161158[]' id='answer-id-653394' class='answer   answerof-161158 ' value='653394'   \/><label for='answer-id-653394' id='answer-label-653394' class=' answer'><span>A tax which rises proportionately with income<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161158[]' id='answer-id-653395' class='answer   answerof-161158 ' value='653395'   \/><label for='answer-id-653395' id='answer-label-653395' class=' answer'><span>A tax which rises more than proportionately with income<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161158[]' id='answer-id-653396' class='answer   answerof-161158 ' value='653396'   \/><label for='answer-id-653396' id='answer-label-653396' class=' answer'><span>A tax which rises less than proportionately with income<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161158[]' id='answer-id-653397' class='answer   answerof-161158 ' value='653397'   \/><label for='answer-id-653397' id='answer-label-653397' class=' answer'><span>A tax on expenditure<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-17' style=';'><div id='questionWrap-17'  class='   watupro-question-id-161159'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>17. <\/span>All of the following are early indicators of a recovery from a recession except which one?<\/div><input type='hidden' name='question_id[]' id='qID_17' value='161159' \/><input type='hidden' id='answerType161159' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161159[]' id='answer-id-653398' class='answer   answerof-161159 ' value='653398'   \/><label for='answer-id-653398' id='answer-label-653398' class=' answer'><span>A rise in business confidence.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161159[]' id='answer-id-653399' class='answer   answerof-161159 ' value='653399'   \/><label for='answer-id-653399' id='answer-label-653399' class=' answer'><span>An acceleration in the growth of the money supply.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161159[]' id='answer-id-653400' class='answer   answerof-161159 ' value='653400'   \/><label for='answer-id-653400' id='answer-label-653400' class=' answer'><span>A fall in the level of net personal debt.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161159[]' id='answer-id-653401' class='answer   answerof-161159 ' value='653401'   \/><label for='answer-id-653401' id='answer-label-653401' class=' answer'><span>An increase in the number of unfilled vacancies.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-18' style=';'><div id='questionWrap-18'  class='   watupro-question-id-161160'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>18. <\/span>If a government adopted a fiscal policy of cutting its budget deficit, the aggregate demand and supply model shows that the result would be:<\/div><input type='hidden' name='question_id[]' id='qID_18' value='161160' \/><input type='hidden' id='answerType161160' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161160[]' id='answer-id-653402' class='answer   answerof-161160 ' value='653402'   \/><label for='answer-id-653402' id='answer-label-653402' class=' answer'><span>a shift in the aggregate demand curve to the right, a fall in output and employment and a rise in the price level<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161160[]' id='answer-id-653403' class='answer   answerof-161160 ' value='653403'   \/><label for='answer-id-653403' id='answer-label-653403' class=' answer'><span>a shift in the aggregate demand curve to the left, a fall in output and employment and a fall in the price level<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161160[]' id='answer-id-653404' class='answer   answerof-161160 ' value='653404'   \/><label for='answer-id-653404' id='answer-label-653404' class=' answer'><span>a shift in the aggregate demand curve to the left, a fall in output and employment and a rise in the price level<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161160[]' id='answer-id-653405' class='answer   answerof-161160 ' value='653405'   \/><label for='answer-id-653405' id='answer-label-653405' class=' answer'><span>a shift in the aggregate demand curve to the right, a rise in output and employment and a rise in the price level<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-19' style=';'><div id='questionWrap-19'  class='   watupro-question-id-161161'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>19. <\/span>Which of the following would lead to an increase in a firm's share price?<\/div><input type='hidden' name='question_id[]' id='qID_19' value='161161' \/><input type='hidden' id='answerType161161' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161161[]' id='answer-id-653406' class='answer   answerof-161161 ' value='653406'   \/><label for='answer-id-653406' id='answer-label-653406' class=' answer'><span>Management announces that profits are still rising in line with the forecasts in its published 5 year plan<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161161[]' id='answer-id-653407' class='answer   answerof-161161 ' value='653407'   \/><label for='answer-id-653407' id='answer-label-653407' class=' answer'><span>Management announces that profits will be higher than had previously been forecast<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161161[]' id='answer-id-653408' class='answer   answerof-161161 ' value='653408'   \/><label for='answer-id-653408' id='answer-label-653408' class=' answer'><span>A rise in the rate of interest available from investing in government securities<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161161[]' id='answer-id-653409' class='answer   answerof-161161 ' value='653409'   \/><label for='answer-id-653409' id='answer-label-653409' class=' answer'><span>Management announces that new laws on working conditions have forced them to close a profitable factory earlier than had been expected<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-20' style=';'><div id='questionWrap-20'  class='   watupro-question-id-161162'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>20. <\/span>Which of the following is an invisible import for a country?<\/div><input type='hidden' name='question_id[]' id='qID_20' value='161162' \/><input type='hidden' id='answerType161162' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161162[]' id='answer-id-653410' class='answer   answerof-161162 ' value='653410'   \/><label for='answer-id-653410' id='answer-label-653410' class=' answer'><span>Expenditure in its shops by foreign diplomats based in the country<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161162[]' id='answer-id-653411' class='answer   answerof-161162 ' value='653411'   \/><label for='answer-id-653411' id='answer-label-653411' class=' answer'><span>The country's contribution to foreign aid<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161162[]' id='answer-id-653412' class='answer   answerof-161162 ' value='653412'   \/><label for='answer-id-653412' id='answer-label-653412' class=' answer'><span>A foreign company signing a contract guaranteeing to invest in a new factory in the country<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161162[]' id='answer-id-653413' class='answer   answerof-161162 ' value='653413'   \/><label for='answer-id-653413' id='answer-label-653413' class=' answer'><span>Repayment of an IMF loan by the country's government<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-21' style=';'><div id='questionWrap-21'  class='   watupro-question-id-161163'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>21. <\/span>All of the following items would appear as a credit on the current account of a country's balance of payments accounts except which one?<\/div><input type='hidden' name='question_id[]' id='qID_21' value='161163' \/><input type='hidden' id='answerType161163' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161163[]' id='answer-id-653414' class='answer   answerof-161163 ' value='653414'   \/><label for='answer-id-653414' id='answer-label-653414' class=' answer'><span>Interest payments on financial assets held overseas.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161163[]' id='answer-id-653415' class='answer   answerof-161163 ' value='653415'   \/><label for='answer-id-653415' id='answer-label-653415' class=' answer'><span>Exports of manufactured goods.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161163[]' id='answer-id-653416' class='answer   answerof-161163 ' value='653416'   \/><label for='answer-id-653416' id='answer-label-653416' class=' answer'><span>Outflows of capital.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161163[]' id='answer-id-653417' class='answer   answerof-161163 ' value='653417'   \/><label for='answer-id-653417' id='answer-label-653417' class=' answer'><span>Expenditure by visiting foreign tourists.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-22' style=';'><div id='questionWrap-22'  class='   watupro-question-id-161164'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>22. <\/span>Part of a country's unemployment figures will consist of people moving between jobs. <br \/>\r<br>Which type of unemployment is this?<\/div><input type='hidden' name='question_id[]' id='qID_22' value='161164' \/><input type='hidden' id='answerType161164' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161164[]' id='answer-id-653418' class='answer   answerof-161164 ' value='653418'   \/><label for='answer-id-653418' id='answer-label-653418' class=' answer'><span>Structural unemployment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161164[]' id='answer-id-653419' class='answer   answerof-161164 ' value='653419'   \/><label for='answer-id-653419' id='answer-label-653419' class=' answer'><span>Cyclical (or demand deficient) unemployment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161164[]' id='answer-id-653420' class='answer   answerof-161164 ' value='653420'   \/><label for='answer-id-653420' id='answer-label-653420' class=' answer'><span>Frictional unemployment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161164[]' id='answer-id-653421' class='answer   answerof-161164 ' value='653421'   \/><label for='answer-id-653421' id='answer-label-653421' class=' answer'><span>Real wage unemployment<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-23' style=';'><div id='questionWrap-23'  class='   watupro-question-id-161165'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>23. <\/span>As the process of globalization increases, typical businesses will<\/div><input type='hidden' name='question_id[]' id='qID_23' value='161165' \/><input type='hidden' id='answerType161165' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161165[]' id='answer-id-653422' class='answer   answerof-161165 ' value='653422'   \/><label for='answer-id-653422' id='answer-label-653422' class=' answer'><span>Depend more and more on their domestic markets.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161165[]' id='answer-id-653423' class='answer   answerof-161165 ' value='653423'   \/><label for='answer-id-653423' id='answer-label-653423' class=' answer'><span>Have to raise more capital from internal sources.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161165[]' id='answer-id-653424' class='answer   answerof-161165 ' value='653424'   \/><label for='answer-id-653424' id='answer-label-653424' class=' answer'><span>Have less need to increase their international competitiveness.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161165[]' id='answer-id-653425' class='answer   answerof-161165 ' value='653425'   \/><label for='answer-id-653425' id='answer-label-653425' class=' answer'><span>Be more and more affected by changes in exchange rates.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-24' style=';'><div id='questionWrap-24'  class='   watupro-question-id-161166'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>24. <\/span>CORRECT TEXT <br \/>\r<br>A bond has a coupon rate of 7%, a nominal value of $100 and a market price of $140 <br \/>\r<br>The percentage running yield is %<\/div><input type='hidden' name='question_id[]' id='qID_24' value='161166' \/><input type='hidden' id='answerType161166' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-161166[]' id='textarea_q_161166' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-25' style=';'><div id='questionWrap-25'  class='   watupro-question-id-161167'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>25. <\/span>Which of the following best defines \u201caggregate supply\u201d?<\/div><input type='hidden' name='question_id[]' id='qID_25' value='161167' \/><input type='hidden' id='answerType161167' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161167[]' id='answer-id-653427' class='answer   answerof-161167 ' value='653427'   \/><label for='answer-id-653427' id='answer-label-653427' class=' answer'><span>The stock of output available for sale in an economy<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161167[]' id='answer-id-653428' class='answer   answerof-161167 ' value='653428'   \/><label for='answer-id-653428' id='answer-label-653428' class=' answer'><span>The full employment level of output of the economy<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161167[]' id='answer-id-653429' class='answer   answerof-161167 ' value='653429'   \/><label for='answer-id-653429' id='answer-label-653429' class=' answer'><span>The flow of goods and services produced by an economy during the year<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161167[]' id='answer-id-653430' class='answer   answerof-161167 ' value='653430'   \/><label for='answer-id-653430' id='answer-label-653430' class=' answer'><span>The level of prices at which output can be sold in an economy<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-26' style=';'><div id='questionWrap-26'  class='   watupro-question-id-161168'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>26. <\/span>Which global financial institution is responsible for providing stabilization funding to assist developed and developing countries with short term borrowing needs and needs for foreign currency?<\/div><input type='hidden' name='question_id[]' id='qID_26' value='161168' \/><input type='hidden' id='answerType161168' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161168[]' id='answer-id-653431' class='answer   answerof-161168 ' value='653431'   \/><label for='answer-id-653431' id='answer-label-653431' class=' answer'><span>The IMF<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161168[]' id='answer-id-653432' class='answer   answerof-161168 ' value='653432'   \/><label for='answer-id-653432' id='answer-label-653432' class=' answer'><span>The World Bank<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161168[]' id='answer-id-653433' class='answer   answerof-161168 ' value='653433'   \/><label for='answer-id-653433' id='answer-label-653433' class=' answer'><span>The World Trade Organization<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161168[]' id='answer-id-653434' class='answer   answerof-161168 ' value='653434'   \/><label for='answer-id-653434' id='answer-label-653434' class=' answer'><span>The G20<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-27' style=';'><div id='questionWrap-27'  class='   watupro-question-id-161169'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>27. <\/span>A country is a net oil exporter and the demand for oil overseas is price inelastic. A substantial increase in the world price of oil would tend to<\/div><input type='hidden' name='question_id[]' id='qID_27' value='161169' \/><input type='hidden' id='answerType161169' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161169[]' id='answer-id-653435' class='answer   answerof-161169 ' value='653435'   \/><label for='answer-id-653435' id='answer-label-653435' class=' answer'><span>Improve the country's balance of payments on current account<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161169[]' id='answer-id-653436' class='answer   answerof-161169 ' value='653436'   \/><label for='answer-id-653436' id='answer-label-653436' class=' answer'><span>Improve the price competitiveness of manufacturing firms in the country<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161169[]' id='answer-id-653437' class='answer   answerof-161169 ' value='653437'   \/><label for='answer-id-653437' id='answer-label-653437' class=' answer'><span>Cause the country's terms of trade to deteriorate<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161169[]' id='answer-id-653438' class='answer   answerof-161169 ' value='653438'   \/><label for='answer-id-653438' id='answer-label-653438' class=' answer'><span>Increase GDP but not GNP in the country<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-28' style=';'><div id='questionWrap-28'  class='   watupro-question-id-161170'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>28. <\/span>The Phillips curve shows that the government<\/div><input type='hidden' name='question_id[]' id='qID_28' value='161170' \/><input type='hidden' id='answerType161170' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161170[]' id='answer-id-653439' class='answer   answerof-161170 ' value='653439'   \/><label for='answer-id-653439' id='answer-label-653439' class=' answer'><span>cannot use monetary policy to reduce the level of unemployment without causing a rise in interest rates.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161170[]' id='answer-id-653440' class='answer   answerof-161170 ' value='653440'   \/><label for='answer-id-653440' id='answer-label-653440' class=' answer'><span>can only use fiscal policy to reduce the rate of unemployment in the short run but not in the long run.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161170[]' id='answer-id-653441' class='answer   answerof-161170 ' value='653441'   \/><label for='answer-id-653441' id='answer-label-653441' class=' answer'><span>can only use expansionary policy to reduce the level of unemployment if it is prepared to accept a higher rate of inflation.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161170[]' id='answer-id-653442' class='answer   answerof-161170 ' value='653442'   \/><label for='answer-id-653442' id='answer-label-653442' class=' answer'><span>in the long run expansionary fiscal and monetary policy can only lead to higher inflation and higher unemployment.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-29' style=';'><div id='questionWrap-29'  class='   watupro-question-id-161171'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>29. <\/span>Which of the following is the most likely cause of a demand deficient unemployment (or cyclical unemployment)?<\/div><input type='hidden' name='question_id[]' id='qID_29' value='161171' \/><input type='hidden' id='answerType161171' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161171[]' id='answer-id-653443' class='answer   answerof-161171 ' value='653443'   \/><label for='answer-id-653443' id='answer-label-653443' class=' answer'><span>A fall in domestic interest rates<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161171[]' id='answer-id-653444' class='answer   answerof-161171 ' value='653444'   \/><label for='answer-id-653444' id='answer-label-653444' class=' answer'><span>Significantly lower labor costs available in a developing country<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161171[]' id='answer-id-653445' class='answer   answerof-161171 ' value='653445'   \/><label for='answer-id-653445' id='answer-label-653445' class=' answer'><span>Improvement in the terms of trade<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161171[]' id='answer-id-653446' class='answer   answerof-161171 ' value='653446'   \/><label for='answer-id-653446' id='answer-label-653446' class=' answer'><span>Excess aggregate demand in the economy of a trading partner<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-30' style=';'><div id='questionWrap-30'  class='   watupro-question-id-161172'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>30. <\/span>Which of the following is most likely to lead an economy to suffer high unemployment?<\/div><input type='hidden' name='question_id[]' id='qID_30' value='161172' \/><input type='hidden' id='answerType161172' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161172[]' id='answer-id-653447' class='answer   answerof-161172 ' value='653447'   \/><label for='answer-id-653447' id='answer-label-653447' class=' answer'><span>Withdrawals exceeding injections<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161172[]' id='answer-id-653448' class='answer   answerof-161172 ' value='653448'   \/><label for='answer-id-653448' id='answer-label-653448' class=' answer'><span>Aggregate demand exceeding aggregate supply<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161172[]' id='answer-id-653449' class='answer   answerof-161172 ' value='653449'   \/><label for='answer-id-653449' id='answer-label-653449' class=' answer'><span>Injections exceeding withdrawals<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161172[]' id='answer-id-653450' class='answer   answerof-161172 ' value='653450'   \/><label for='answer-id-653450' id='answer-label-653450' class=' answer'><span>A fiscal deficit<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-31' style=';'><div id='questionWrap-31'  class='   watupro-question-id-161173'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>31. <\/span>In a customs union member countries<\/div><input type='hidden' name='question_id[]' id='qID_31' value='161173' \/><input type='hidden' id='answerType161173' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161173[]' id='answer-id-653451' class='answer   answerof-161173 ' value='653451'   \/><label for='answer-id-653451' id='answer-label-653451' class=' answer'><span>Meet to agree tariff increases affecting internal trade between themselves<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161173[]' id='answer-id-653452' class='answer   answerof-161173 ' value='653452'   \/><label for='answer-id-653452' id='answer-label-653452' class=' answer'><span>Trade freely with each other and impose their own national restrictions on trade with the rest of the world<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161173[]' id='answer-id-653453' class='answer   answerof-161173 ' value='653453'   \/><label for='answer-id-653453' id='answer-label-653453' class=' answer'><span>Trade freely with each other and accept a common external tariff for trade with the rest of the world<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161173[]' id='answer-id-653454' class='answer   answerof-161173 ' value='653454'   \/><label for='answer-id-653454' id='answer-label-653454' class=' answer'><span>Replace national currencies with a common currency such as the Euro<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-32' style=';'><div id='questionWrap-32'  class='   watupro-question-id-161174'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>32. <\/span>Which of the following is not likely to result from a fall in the rate of interest?<\/div><input type='hidden' name='question_id[]' id='qID_32' value='161174' \/><input type='hidden' id='answerType161174' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161174[]' id='answer-id-653455' class='answer   answerof-161174 ' value='653455'   \/><label for='answer-id-653455' id='answer-label-653455' class=' answer'><span>Increased consumption<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161174[]' id='answer-id-653456' class='answer   answerof-161174 ' value='653456'   \/><label for='answer-id-653456' id='answer-label-653456' class=' answer'><span>Increased investment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161174[]' id='answer-id-653457' class='answer   answerof-161174 ' value='653457'   \/><label for='answer-id-653457' id='answer-label-653457' class=' answer'><span>A higher exchange rate<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161174[]' id='answer-id-653458' class='answer   answerof-161174 ' value='653458'   \/><label for='answer-id-653458' id='answer-label-653458' class=' answer'><span>An increase in aggregate demand<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-33' style=';'><div id='questionWrap-33'  class='   watupro-question-id-161175'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>33. <\/span>An important distinction between a free trade area and a customs union is that<\/div><input type='hidden' name='question_id[]' id='qID_33' value='161175' \/><input type='hidden' id='answerType161175' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161175[]' id='answer-id-653459' class='answer   answerof-161175 ' value='653459'   \/><label for='answer-id-653459' id='answer-label-653459' class=' answer'><span>Only a customs union erects a common external tariff<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161175[]' id='answer-id-653460' class='answer   answerof-161175 ' value='653460'   \/><label for='answer-id-653460' id='answer-label-653460' class=' answer'><span>Only a free trade area allows free internal trade in services as well in goods<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161175[]' id='answer-id-653461' class='answer   answerof-161175 ' value='653461'   \/><label for='answer-id-653461' id='answer-label-653461' class=' answer'><span>Only a customs union is an example of a multilateral trading agreement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161175[]' id='answer-id-653462' class='answer   answerof-161175 ' value='653462'   \/><label for='answer-id-653462' id='answer-label-653462' class=' answer'><span>Only a free trade area involves common economic policies<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-34' style=';'><div id='questionWrap-34'  class='   watupro-question-id-161176'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>34. <\/span>Which ONE of the following would appear as a debit item on a country's balance of payments current account?<\/div><input type='hidden' name='question_id[]' id='qID_34' value='161176' \/><input type='hidden' id='answerType161176' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161176[]' id='answer-id-653463' class='answer   answerof-161176 ' value='653463'   \/><label for='answer-id-653463' id='answer-label-653463' class=' answer'><span>Overseas investment by a domestic multinational company<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161176[]' id='answer-id-653464' class='answer   answerof-161176 ' value='653464'   \/><label for='answer-id-653464' id='answer-label-653464' class=' answer'><span>Expenditure in the country by an overseas visitor<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161176[]' id='answer-id-653465' class='answer   answerof-161176 ' value='653465'   \/><label for='answer-id-653465' id='answer-label-653465' class=' answer'><span>A flow of company profits to the parent company based in another country<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161176[]' id='answer-id-653466' class='answer   answerof-161176 ' value='653466'   \/><label for='answer-id-653466' id='answer-label-653466' class=' answer'><span>Payment by an overseas company for services provided in the country<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-35' style=';'><div id='questionWrap-35'  class='   watupro-question-id-161177'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>35. <\/span>The level of national income in the circular flow will remain constant if<\/div><input type='hidden' name='question_id[]' id='qID_35' value='161177' \/><input type='hidden' id='answerType161177' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161177[]' id='answer-id-653467' class='answer   answerof-161177 ' value='653467'   \/><label for='answer-id-653467' id='answer-label-653467' class=' answer'><span>injections are greater than withdrawals<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161177[]' id='answer-id-653468' class='answer   answerof-161177 ' value='653468'   \/><label for='answer-id-653468' id='answer-label-653468' class=' answer'><span>injections are equal to withdrawals<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161177[]' id='answer-id-653469' class='answer   answerof-161177 ' value='653469'   \/><label for='answer-id-653469' id='answer-label-653469' class=' answer'><span>injections are equal to savings<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161177[]' id='answer-id-653470' class='answer   answerof-161177 ' value='653470'   \/><label for='answer-id-653470' id='answer-label-653470' class=' answer'><span>injections plus withdrawals are equal to savings plus investment<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-36' style=';'><div id='questionWrap-36'  class='   watupro-question-id-161178'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>36. <\/span>In a recession which ONE of the following would be likely to experience the largest fall in demand for its products?<\/div><input type='hidden' name='question_id[]' id='qID_36' value='161178' \/><input type='hidden' id='answerType161178' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161178[]' id='answer-id-653471' class='answer   answerof-161178 ' value='653471'   \/><label for='answer-id-653471' id='answer-label-653471' class=' answer'><span>A manufacturer of industrial machine tools<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161178[]' id='answer-id-653472' class='answer   answerof-161178 ' value='653472'   \/><label for='answer-id-653472' id='answer-label-653472' class=' answer'><span>A chain of supermarket grocery stores<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161178[]' id='answer-id-653473' class='answer   answerof-161178 ' value='653473'   \/><label for='answer-id-653473' id='answer-label-653473' class=' answer'><span>A motor insurance company<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161178[]' id='answer-id-653474' class='answer   answerof-161178 ' value='653474'   \/><label for='answer-id-653474' id='answer-label-653474' class=' answer'><span>A toothpaste manufacturer<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-37' style=';'><div id='questionWrap-37'  class='   watupro-question-id-161179'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>37. <\/span>Which ONE of the following would best indicate that economic growth is taking place? <br \/>\r<br>An increase in:<\/div><input type='hidden' name='question_id[]' id='qID_37' value='161179' \/><input type='hidden' id='answerType161179' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161179[]' id='answer-id-653475' class='answer   answerof-161179 ' value='653475'   \/><label for='answer-id-653475' id='answer-label-653475' class=' answer'><span>The economy's output gap<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161179[]' id='answer-id-653476' class='answer   answerof-161179 ' value='653476'   \/><label for='answer-id-653476' id='answer-label-653476' class=' answer'><span>Investment to make good wear and tear of the national capital stock<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161179[]' id='answer-id-653477' class='answer   answerof-161179 ' value='653477'   \/><label for='answer-id-653477' id='answer-label-653477' class=' answer'><span>Investment in human capital<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161179[]' id='answer-id-653478' class='answer   answerof-161179 ' value='653478'   \/><label for='answer-id-653478' id='answer-label-653478' class=' answer'><span>Gross domestic product sustained over a number of years<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-38' style=';'><div id='questionWrap-38'  class='   watupro-question-id-161180'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>38. <\/span>The imposition of a tariff on imported goods by a country's government will result in all of the following except one. <br \/>\r<br>Which ONE is the exception?<\/div><input type='hidden' name='question_id[]' id='qID_38' value='161180' \/><input type='hidden' id='answerType161180' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161180[]' id='answer-id-653479' class='answer   answerof-161180 ' value='653479'   \/><label for='answer-id-653479' id='answer-label-653479' class=' answer'><span>A shift in domestic income from consumers to producers of the goods<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161180[]' id='answer-id-653480' class='answer   answerof-161180 ' value='653480'   \/><label for='answer-id-653480' id='answer-label-653480' class=' answer'><span>A rise in the domestic price of the imported good<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161180[]' id='answer-id-653481' class='answer   answerof-161180 ' value='653481'   \/><label for='answer-id-653481' id='answer-label-653481' class=' answer'><span>Greater cost push inflationary pressure in the economy<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161180[]' id='answer-id-653482' class='answer   answerof-161180 ' value='653482'   \/><label for='answer-id-653482' id='answer-label-653482' class=' answer'><span>A shift to the left in the demand curve for the imported good<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-39' style=';'><div id='questionWrap-39'  class='   watupro-question-id-161181'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>39. <\/span>All of the following are features of the process of globalization except which one?<\/div><input type='hidden' name='question_id[]' id='qID_39' value='161181' \/><input type='hidden' id='answerType161181' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161181[]' id='answer-id-653483' class='answer   answerof-161181 ' value='653483'   \/><label for='answer-id-653483' id='answer-label-653483' class=' answer'><span>Increased flows of factors of production between economies.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161181[]' id='answer-id-653484' class='answer   answerof-161181 ' value='653484'   \/><label for='answer-id-653484' id='answer-label-653484' class=' answer'><span>Higher international disparities in rates of return on capital.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161181[]' id='answer-id-653485' class='answer   answerof-161181 ' value='653485'   \/><label for='answer-id-653485' id='answer-label-653485' class=' answer'><span>Increasing interdependence between economies.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161181[]' id='answer-id-653486' class='answer   answerof-161181 ' value='653486'   \/><label for='answer-id-653486' id='answer-label-653486' class=' answer'><span>Higher levels of trade in components and semi-finished goods.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-40' style=';'><div id='questionWrap-40'  class='   watupro-question-id-161182'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>40. <\/span>Which ONE of the following is an External stakeholder in a state-owned energy provider?<\/div><input type='hidden' name='question_id[]' id='qID_40' value='161182' \/><input type='hidden' id='answerType161182' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161182[]' id='answer-id-653487' class='answer   answerof-161182 ' value='653487'   \/><label for='answer-id-653487' id='answer-label-653487' class=' answer'><span>The industry regulator<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161182[]' id='answer-id-653488' class='answer   answerof-161182 ' value='653488'   \/><label for='answer-id-653488' id='answer-label-653488' class=' answer'><span>A firm selling equipment to the energy provider<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161182[]' id='answer-id-653489' class='answer   answerof-161182 ' value='653489'   \/><label for='answer-id-653489' id='answer-label-653489' class=' answer'><span>Customers of the energy provider<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161182[]' id='answer-id-653490' class='answer   answerof-161182 ' value='653490'   \/><label for='answer-id-653490' id='answer-label-653490' class=' answer'><span>The government<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-41' style=';'><div id='questionWrap-41'  class='   watupro-question-id-161183'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>41. <\/span>Oxfam is a charity established to provide aid to the poor. <br \/>\r<br>Which ONE of the following statements about Oxfam is FALSE?<\/div><input type='hidden' name='question_id[]' id='qID_41' value='161183' \/><input type='hidden' id='answerType161183' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161183[]' id='answer-id-653491' class='answer   answerof-161183 ' value='653491'   \/><label for='answer-id-653491' id='answer-label-653491' class=' answer'><span>It is a private sector organization<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161183[]' id='answer-id-653492' class='answer   answerof-161183 ' value='653492'   \/><label for='answer-id-653492' id='answer-label-653492' class=' answer'><span>It pursues social goals<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161183[]' id='answer-id-653493' class='answer   answerof-161183 ' value='653493'   \/><label for='answer-id-653493' id='answer-label-653493' class=' answer'><span>It is a not-for-profit organization<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161183[]' id='answer-id-653494' class='answer   answerof-161183 ' value='653494'   \/><label for='answer-id-653494' id='answer-label-653494' class=' answer'><span>It is responsible to its shareholders<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-42' style=';'><div id='questionWrap-42'  class='   watupro-question-id-161184'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>42. <\/span>Which of the following statements about macroeconomic policy objectives is correct?<\/div><input type='hidden' name='question_id[]' id='qID_42' value='161184' \/><input type='hidden' id='answerType161184' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161184[]' id='answer-id-653495' class='answer   answerof-161184 ' value='653495'   \/><label for='answer-id-653495' id='answer-label-653495' class=' answer'><span>Governments always regard control of inflation as the most important policy objective<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161184[]' id='answer-id-653496' class='answer   answerof-161184 ' value='653496'   \/><label for='answer-id-653496' id='answer-label-653496' class=' answer'><span>Conflicts between objectives mean that macroeconomic policy can never be regarded as successful<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161184[]' id='answer-id-653497' class='answer   answerof-161184 ' value='653497'   \/><label for='answer-id-653497' id='answer-label-653497' class=' answer'><span>Expanding demand to reduce unemployment may mean that the balance of payments worsens<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161184[]' id='answer-id-653498' class='answer   answerof-161184 ' value='653498'   \/><label for='answer-id-653498' id='answer-label-653498' class=' answer'><span>The pursuit of economic growth inevitably increases unemployment<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-43' style=';'><div id='questionWrap-43'  class='   watupro-question-id-161185'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>43. <\/span>CORRECT TEXT <br \/>\r<br>A business was selling 20,000 units of its product per month at a price of $10. When it lowers its price to $9 it finds that its sales rise to 24,000 units per month. <br \/>\r<br>The price elasticity of demand for this firm's product is<\/div><input type='hidden' name='question_id[]' id='qID_43' value='161185' \/><input type='hidden' id='answerType161185' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-161185[]' id='textarea_q_161185' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-44' style=';'><div id='questionWrap-44'  class='   watupro-question-id-161186'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>44. <\/span>Which of the following economic conditions is likely to lead to demand-pull inflation?<\/div><input type='hidden' name='question_id[]' id='qID_44' value='161186' \/><input type='hidden' id='answerType161186' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161186[]' id='answer-id-653500' class='answer   answerof-161186 ' value='653500'   \/><label for='answer-id-653500' id='answer-label-653500' class=' answer'><span>An increase in interest rates and a rise in the world price of oil<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161186[]' id='answer-id-653501' class='answer   answerof-161186 ' value='653501'   \/><label for='answer-id-653501' id='answer-label-653501' class=' answer'><span>An increase in government spending and firms operating at full capacity<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161186[]' id='answer-id-653502' class='answer   answerof-161186 ' value='653502'   \/><label for='answer-id-653502' id='answer-label-653502' class=' answer'><span>Increased monopoly power in goods and labor markets<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161186[]' id='answer-id-653503' class='answer   answerof-161186 ' value='653503'   \/><label for='answer-id-653503' id='answer-label-653503' class=' answer'><span>A worsening balance of payments deficit and a rising exchange rate<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-45' style=';'><div id='questionWrap-45'  class='   watupro-question-id-161187'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>45. <\/span>Which ONE of the following best explains the statement 'In not for profit organizations money is a constraint and not a goal'?<\/div><input type='hidden' name='question_id[]' id='qID_45' value='161187' \/><input type='hidden' id='answerType161187' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161187[]' id='answer-id-653504' class='answer   answerof-161187 ' value='653504'   \/><label for='answer-id-653504' id='answer-label-653504' class=' answer'><span>Money be ignored because reaching the goals of the organization is all that matters<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161187[]' id='answer-id-653505' class='answer   answerof-161187 ' value='653505'   \/><label for='answer-id-653505' id='answer-label-653505' class=' answer'><span>There is no need for the organization to be efficient<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161187[]' id='answer-id-653506' class='answer   answerof-161187 ' value='653506'   \/><label for='answer-id-653506' id='answer-label-653506' class=' answer'><span>There is a trade off between financial and non-financial goals<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161187[]' id='answer-id-653507' class='answer   answerof-161187 ' value='653507'   \/><label for='answer-id-653507' id='answer-label-653507' class=' answer'><span>Money limits how far the organization can achieve its goals<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-46' style=';'><div id='questionWrap-46'  class='   watupro-question-id-161188'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>46. <\/span>If in a boom a government adopted a contractionary (restrictive) monetary policy, a typical business would expect to experience: <br \/>\r<br>i. Higher interest payments on its bank borrowing. <br \/>\r<br>ii. Falling credit based sales. <br \/>\r<br>iii. Higher income and corporate taxes. <br \/>\r<br>iv. Lower sales to government agencies. <br \/>\r<br>v. Difficulties in securing working capital <br \/>\r<br>vi. Higher prices for imported components.<\/div><input type='hidden' name='question_id[]' id='qID_46' value='161188' \/><input type='hidden' id='answerType161188' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161188[]' id='answer-id-653508' class='answer   answerof-161188 ' value='653508'   \/><label for='answer-id-653508' id='answer-label-653508' class=' answer'><span>(i), (ii) and (vi) only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161188[]' id='answer-id-653509' class='answer   answerof-161188 ' value='653509'   \/><label for='answer-id-653509' id='answer-label-653509' class=' answer'><span>(i), (ii) and (v) only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161188[]' id='answer-id-653510' class='answer   answerof-161188 ' value='653510'   \/><label for='answer-id-653510' id='answer-label-653510' class=' answer'><span>(ii), (iii) and (iv) only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161188[]' id='answer-id-653511' class='answer   answerof-161188 ' value='653511'   \/><label for='answer-id-653511' id='answer-label-653511' class=' answer'><span>(i), (iii) and (iv) only<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-47' style=';'><div id='questionWrap-47'  class='   watupro-question-id-161189'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>47. <\/span>A country's gross national product (GNP) will be higher than gross domestic product (GDP) if:<\/div><input type='hidden' name='question_id[]' id='qID_47' value='161189' \/><input type='hidden' id='answerType161189' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161189[]' id='answer-id-653512' class='answer   answerof-161189 ' value='653512'   \/><label for='answer-id-653512' id='answer-label-653512' class=' answer'><span>indirect taxes are greater than government subsidies<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161189[]' id='answer-id-653513' class='answer   answerof-161189 ' value='653513'   \/><label for='answer-id-653513' id='answer-label-653513' class=' answer'><span>there is a net inflow of factor payments on the balance of payments<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161189[]' id='answer-id-653514' class='answer   answerof-161189 ' value='653514'   \/><label for='answer-id-653514' id='answer-label-653514' class=' answer'><span>the country's imports are greater than its exports<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161189[]' id='answer-id-653515' class='answer   answerof-161189 ' value='653515'   \/><label for='answer-id-653515' id='answer-label-653515' class=' answer'><span>government tax income is greater than government expenditure<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-48' style=';'><div id='questionWrap-48'  class='   watupro-question-id-161190'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>48. <\/span>In the aggregate supply and demand model, a significant rise in the cost of energy for industry would lead to the<\/div><input type='hidden' name='question_id[]' id='qID_48' value='161190' \/><input type='hidden' id='answerType161190' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161190[]' id='answer-id-653516' class='answer   answerof-161190 ' value='653516'   \/><label for='answer-id-653516' id='answer-label-653516' class=' answer'><span>Aggregate supply curve moving to the right<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161190[]' id='answer-id-653517' class='answer   answerof-161190 ' value='653517'   \/><label for='answer-id-653517' id='answer-label-653517' class=' answer'><span>Aggregate supply curve moving to the left<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161190[]' id='answer-id-653518' class='answer   answerof-161190 ' value='653518'   \/><label for='answer-id-653518' id='answer-label-653518' class=' answer'><span>Aggregate demand curve moving to the right<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161190[]' id='answer-id-653519' class='answer   answerof-161190 ' value='653519'   \/><label for='answer-id-653519' id='answer-label-653519' class=' answer'><span>Aggregate demand curve moving to the left<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-49' style=';'><div id='questionWrap-49'  class='   watupro-question-id-161191'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>49. <\/span>Which one of the following would raise both national income and disposable income ?<\/div><input type='hidden' name='question_id[]' id='qID_49' value='161191' \/><input type='hidden' id='answerType161191' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161191[]' id='answer-id-653520' class='answer   answerof-161191 ' value='653520'   \/><label for='answer-id-653520' id='answer-label-653520' class=' answer'><span>An increase in transfer payments<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161191[]' id='answer-id-653521' class='answer   answerof-161191 ' value='653521'   \/><label for='answer-id-653521' id='answer-label-653521' class=' answer'><span>A reduction in rates of personal income tax<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161191[]' id='answer-id-653522' class='answer   answerof-161191 ' value='653522'   \/><label for='answer-id-653522' id='answer-label-653522' class=' answer'><span>An increase in business profits<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161191[]' id='answer-id-653523' class='answer   answerof-161191 ' value='653523'   \/><label for='answer-id-653523' id='answer-label-653523' class=' answer'><span>A rise in the rates of personal income tax<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-50' style=';'><div id='questionWrap-50'  class='   watupro-question-id-161192'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>50. <\/span>On an aggregate demand and aggregate supply diagram, cost-push inflation is shown by<\/div><input type='hidden' name='question_id[]' id='qID_50' value='161192' \/><input type='hidden' id='answerType161192' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161192[]' id='answer-id-653524' class='answer   answerof-161192 ' value='653524'   \/><label for='answer-id-653524' id='answer-label-653524' class=' answer'><span>A leftward shift of the short-run aggregate supply curve<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161192[]' id='answer-id-653525' class='answer   answerof-161192 ' value='653525'   \/><label for='answer-id-653525' id='answer-label-653525' class=' answer'><span>A rightward shift of the aggregate demand curve<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161192[]' id='answer-id-653526' class='answer   answerof-161192 ' value='653526'   \/><label for='answer-id-653526' id='answer-label-653526' class=' answer'><span>A rightward shift of the long-run aggregate supply curve<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161192[]' id='answer-id-653527' class='answer   answerof-161192 ' value='653527'   \/><label for='answer-id-653527' id='answer-label-653527' class=' answer'><span>A leftward shift of the aggregate demand curve<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-51' style=';'><div id='questionWrap-51'  class='   watupro-question-id-161193'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>51. <\/span>If a country joined an economic union (for example, the European Union) its business sector could benefit from all of the following except which one?<\/div><input type='hidden' name='question_id[]' id='qID_51' value='161193' \/><input type='hidden' id='answerType161193' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161193[]' id='answer-id-653528' class='answer   answerof-161193 ' value='653528'   \/><label for='answer-id-653528' id='answer-label-653528' class=' answer'><span>Higher profit margins due to a reduction in transport costs.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161193[]' id='answer-id-653529' class='answer   answerof-161193 ' value='653529'   \/><label for='answer-id-653529' id='answer-label-653529' class=' answer'><span>Economies of scale as it gained access to a larger market.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161193[]' id='answer-id-653530' class='answer   answerof-161193 ' value='653530'   \/><label for='answer-id-653530' id='answer-label-653530' class=' answer'><span>Lower input costs as imports from other member states would become cheaper.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161193[]' id='answer-id-653531' class='answer   answerof-161193 ' value='653531'   \/><label for='answer-id-653531' id='answer-label-653531' class=' answer'><span>Reduced costs as a result of access to a wider supply of factors of production.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-52' style=';'><div id='questionWrap-52'  class='   watupro-question-id-161194'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>52. <\/span>Which of the following statements about supply-side economics is correct?<\/div><input type='hidden' name='question_id[]' id='qID_52' value='161194' \/><input type='hidden' id='answerType161194' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161194[]' id='answer-id-653532' class='answer   answerof-161194 ' value='653532'   \/><label for='answer-id-653532' id='answer-label-653532' class=' answer'><span>Supply-side policies are part of aggregate demand management policies.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161194[]' id='answer-id-653533' class='answer   answerof-161194 ' value='653533'   \/><label for='answer-id-653533' id='answer-label-653533' class=' answer'><span>Fiscal policy cannot be used as a part of supply-side policy<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161194[]' id='answer-id-653534' class='answer   answerof-161194 ' value='653534'   \/><label for='answer-id-653534' id='answer-label-653534' class=' answer'><span>Supply-side economists always reject the use of policy to expand demand<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161194[]' id='answer-id-653535' class='answer   answerof-161194 ' value='653535'   \/><label for='answer-id-653535' id='answer-label-653535' class=' answer'><span>Supply-side policies are used to improve the economy's efficiency and competitiveness<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-53' style=';'><div id='questionWrap-53'  class='   watupro-question-id-161195'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>53. <\/span>Which ONE of the following is NOT required in calculating the EPS of ABC plc?<\/div><input type='hidden' name='question_id[]' id='qID_53' value='161195' \/><input type='hidden' id='answerType161195' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161195[]' id='answer-id-653536' class='answer   answerof-161195 ' value='653536'   \/><label for='answer-id-653536' id='answer-label-653536' class=' answer'><span>The market price of ABC's share<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161195[]' id='answer-id-653537' class='answer   answerof-161195 ' value='653537'   \/><label for='answer-id-653537' id='answer-label-653537' class=' answer'><span>The number of shares ABC has in issue<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161195[]' id='answer-id-653538' class='answer   answerof-161195 ' value='653538'   \/><label for='answer-id-653538' id='answer-label-653538' class=' answer'><span>The most recent earnings after interest and tax of ABC<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161195[]' id='answer-id-653539' class='answer   answerof-161195 ' value='653539'   \/><label for='answer-id-653539' id='answer-label-653539' class=' answer'><span>The dividend payment made to holders of preference shares<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-54' style=';'><div id='questionWrap-54'  class='   watupro-question-id-161196'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>54. <\/span>A surplus on the current account of the balance of payments can be financed by<\/div><input type='hidden' name='question_id[]' id='qID_54' value='161196' \/><input type='hidden' id='answerType161196' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161196[]' id='answer-id-653540' class='answer   answerof-161196 ' value='653540'   \/><label for='answer-id-653540' id='answer-label-653540' class=' answer'><span>An inflow of capital on the capital account.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161196[]' id='answer-id-653541' class='answer   answerof-161196 ' value='653541'   \/><label for='answer-id-653541' id='answer-label-653541' class=' answer'><span>Lending abroad on the capital account.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161196[]' id='answer-id-653542' class='answer   answerof-161196 ' value='653542'   \/><label for='answer-id-653542' id='answer-label-653542' class=' answer'><span>A fall in the foreign exchange reserves<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161196[]' id='answer-id-653543' class='answer   answerof-161196 ' value='653543'   \/><label for='answer-id-653543' id='answer-label-653543' class=' answer'><span>A surplus on the government budget.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-55' style=';'><div id='questionWrap-55'  class='   watupro-question-id-161197'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>55. <\/span>Which global institution is concerned with co-coordinating economic policies and agreeing banking and financial regulations?<\/div><input type='hidden' name='question_id[]' id='qID_55' value='161197' \/><input type='hidden' id='answerType161197' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161197[]' id='answer-id-653544' class='answer   answerof-161197 ' value='653544'   \/><label for='answer-id-653544' id='answer-label-653544' class=' answer'><span>The IMF<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161197[]' id='answer-id-653545' class='answer   answerof-161197 ' value='653545'   \/><label for='answer-id-653545' id='answer-label-653545' class=' answer'><span>The World Bank<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161197[]' id='answer-id-653546' class='answer   answerof-161197 ' value='653546'   \/><label for='answer-id-653546' id='answer-label-653546' class=' answer'><span>The World Trade Organization<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161197[]' id='answer-id-653547' class='answer   answerof-161197 ' value='653547'   \/><label for='answer-id-653547' id='answer-label-653547' class=' answer'><span>The G20<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-56' style=';'><div id='questionWrap-56'  class='   watupro-question-id-161198'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>56. <\/span>All of the following are regarded as objectives of profit seeking organizations except one. <br \/>\r<br>Which ONE is the exception?<\/div><input type='hidden' name='question_id[]' id='qID_56' value='161198' \/><input type='hidden' id='answerType161198' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161198[]' id='answer-id-653548' class='answer   answerof-161198 ' value='653548'   \/><label for='answer-id-653548' id='answer-label-653548' class=' answer'><span>Raising shareholder wealth<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161198[]' id='answer-id-653549' class='answer   answerof-161198 ' value='653549'   \/><label for='answer-id-653549' id='answer-label-653549' class=' answer'><span>Long term growth in sales<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161198[]' id='answer-id-653550' class='answer   answerof-161198 ' value='653550'   \/><label for='answer-id-653550' id='answer-label-653550' class=' answer'><span>Meeting regulatory, accounting and reporting standards<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161198[]' id='answer-id-653551' class='answer   answerof-161198 ' value='653551'   \/><label for='answer-id-653551' id='answer-label-653551' class=' answer'><span>Maximizing profit<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-57' style=';'><div id='questionWrap-57'  class='   watupro-question-id-161199'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>57. <\/span>The equilibrium level of national income in an economy is the level of income at which<\/div><input type='hidden' name='question_id[]' id='qID_57' value='161199' \/><input type='hidden' id='answerType161199' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161199[]' id='answer-id-653552' class='answer   answerof-161199 ' value='653552'   \/><label for='answer-id-653552' id='answer-label-653552' class=' answer'><span>Full employment occurs<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161199[]' id='answer-id-653553' class='answer   answerof-161199 ' value='653553'   \/><label for='answer-id-653553' id='answer-label-653553' class=' answer'><span>There is zero inflation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161199[]' id='answer-id-653554' class='answer   answerof-161199 ' value='653554'   \/><label for='answer-id-653554' id='answer-label-653554' class=' answer'><span>Total planned spending equals the supply of output available<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161199[]' id='answer-id-653555' class='answer   answerof-161199 ' value='653555'   \/><label for='answer-id-653555' id='answer-label-653555' class=' answer'><span>The government's budget and the balance of payments are both exactly balanced<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-58' style=';'><div id='questionWrap-58'  class='   watupro-question-id-161200'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>58. <\/span>CORRECT TEXT <br \/>\r<br>A business has fixed costs of $200. Its total variable costs at different levels of output are as follows: <br \/>\r<br>The business can always sell its output at a price of $100 per unit <br \/>\r<br>The profit maximizing level of output is<\/div><input type='hidden' name='question_id[]' id='qID_58' value='161200' \/><input type='hidden' id='answerType161200' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-161200[]' id='textarea_q_161200' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-59' style=';'><div id='questionWrap-59'  class='   watupro-question-id-161201'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>59. <\/span>Which of the following is not taken into account by the discount factor applied to future earnings when calculating shareholder value?<\/div><input type='hidden' name='question_id[]' id='qID_59' value='161201' \/><input type='hidden' id='answerType161201' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161201[]' id='answer-id-653557' class='answer   answerof-161201 ' value='653557'   \/><label for='answer-id-653557' id='answer-label-653557' class=' answer'><span>Shareholders rate of time preference for money<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161201[]' id='answer-id-653558' class='answer   answerof-161201 ' value='653558'   \/><label for='answer-id-653558' id='answer-label-653558' class=' answer'><span>The amount of earnings that will be lost as taxation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161201[]' id='answer-id-653559' class='answer   answerof-161201 ' value='653559'   \/><label for='answer-id-653559' id='answer-label-653559' class=' answer'><span>The amount of risk the investment is subject to<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161201[]' id='answer-id-653560' class='answer   answerof-161201 ' value='653560'   \/><label for='answer-id-653560' id='answer-label-653560' class=' answer'><span>The rate of inflation<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-60' style=';'><div id='questionWrap-60'  class='   watupro-question-id-161202'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>60. <\/span>All of the following would result from a shift from direct to indirect taxes except which one?<\/div><input type='hidden' name='question_id[]' id='qID_60' value='161202' \/><input type='hidden' id='answerType161202' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161202[]' id='answer-id-653561' class='answer   answerof-161202 ' value='653561'   \/><label for='answer-id-653561' id='answer-label-653561' class=' answer'><span>An increase in the prices of products due to inflation.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161202[]' id='answer-id-653562' class='answer   answerof-161202 ' value='653562'   \/><label for='answer-id-653562' id='answer-label-653562' class=' answer'><span>A reduction in the disincentive to work and effort.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161202[]' id='answer-id-653563' class='answer   answerof-161202 ' value='653563'   \/><label for='answer-id-653563' id='answer-label-653563' class=' answer'><span>A more progressive taxation system.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161202[]' id='answer-id-653564' class='answer   answerof-161202 ' value='653564'   \/><label for='answer-id-653564' id='answer-label-653564' class=' answer'><span>A shift in the burden of taxation towards lower income groups.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-61' style=';'><div id='questionWrap-61'  class='   watupro-question-id-161203'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>61. <\/span>Which of the following would not increase barriers to world trade?<\/div><input type='hidden' name='question_id[]' id='qID_61' value='161203' \/><input type='hidden' id='answerType161203' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161203[]' id='answer-id-653565' class='answer   answerof-161203 ' value='653565'   \/><label for='answer-id-653565' id='answer-label-653565' class=' answer'><span>Different governments imposing different health and safety requirements for agricultural products<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161203[]' id='answer-id-653566' class='answer   answerof-161203 ' value='653566'   \/><label for='answer-id-653566' id='answer-label-653566' class=' answer'><span>An oil exporting country insisting that oil is paid for in US dollars<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161203[]' id='answer-id-653567' class='answer   answerof-161203 ' value='653567'   \/><label for='answer-id-653567' id='answer-label-653567' class=' answer'><span>The abolition of subsidies given to farmers in the European Union<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161203[]' id='answer-id-653568' class='answer   answerof-161203 ' value='653568'   \/><label for='answer-id-653568' id='answer-label-653568' class=' answer'><span>A requirement by the Japanese government that customs documents be presented and completed in Japanese<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-62' style=';'><div id='questionWrap-62'  class='   watupro-question-id-161204'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>62. <\/span>Which of the following statements about the difference between profit and shareholder wealth is false?<\/div><input type='hidden' name='question_id[]' id='qID_62' value='161204' \/><input type='hidden' id='answerType161204' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161204[]' id='answer-id-653569' class='answer   answerof-161204 ' value='653569'   \/><label for='answer-id-653569' id='answer-label-653569' class=' answer'><span>Shareholder wealth considers financial returns over a longer period than profit<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161204[]' id='answer-id-653570' class='answer   answerof-161204 ' value='653570'   \/><label for='answer-id-653570' id='answer-label-653570' class=' answer'><span>Shareholder wealth takes risk into account<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161204[]' id='answer-id-653571' class='answer   answerof-161204 ' value='653571'   \/><label for='answer-id-653571' id='answer-label-653571' class=' answer'><span>Shareholder wealth is a discounted present value of anticipated future earnings but profit is just a short term measure of past earnings<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161204[]' id='answer-id-653572' class='answer   answerof-161204 ' value='653572'   \/><label for='answer-id-653572' id='answer-label-653572' class=' answer'><span>Shareholder wealth influences share prices but profit does not<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-63' style=';'><div id='questionWrap-63'  class='   watupro-question-id-161205'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>63. <\/span>A 'supply-side' economist would recommend that in the long term, a country's unemployment problem should be tackled by<\/div><input type='hidden' name='question_id[]' id='qID_63' value='161205' \/><input type='hidden' id='answerType161205' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161205[]' id='answer-id-653573' class='answer   answerof-161205 ' value='653573'   \/><label for='answer-id-653573' id='answer-label-653573' class=' answer'><span>A reduction in the money supply<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161205[]' id='answer-id-653574' class='answer   answerof-161205 ' value='653574'   \/><label for='answer-id-653574' id='answer-label-653574' class=' answer'><span>Income tax cuts to promote labor market incentives<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161205[]' id='answer-id-653575' class='answer   answerof-161205 ' value='653575'   \/><label for='answer-id-653575' id='answer-label-653575' class=' answer'><span>Tax cuts to expand aggregate demand<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161205[]' id='answer-id-653576' class='answer   answerof-161205 ' value='653576'   \/><label for='answer-id-653576' id='answer-label-653576' class=' answer'><span>Increasing the job-seekers allowance and the period for which it can be claimed<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-64' style=';'><div id='questionWrap-64'  class='   watupro-question-id-161206'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>64. <\/span>All of the following are features of an economic union (for example, the European union) except which one?<\/div><input type='hidden' name='question_id[]' id='qID_64' value='161206' \/><input type='hidden' id='answerType161206' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161206[]' id='answer-id-653577' class='answer   answerof-161206 ' value='653577'   \/><label for='answer-id-653577' id='answer-label-653577' class=' answer'><span>A fixed exchange rate relative to non union currencies.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161206[]' id='answer-id-653578' class='answer   answerof-161206 ' value='653578'   \/><label for='answer-id-653578' id='answer-label-653578' class=' answer'><span>Free movement of goods and services between member states.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161206[]' id='answer-id-653579' class='answer   answerof-161206 ' value='653579'   \/><label for='answer-id-653579' id='answer-label-653579' class=' answer'><span>A common external tariff.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161206[]' id='answer-id-653580' class='answer   answerof-161206 ' value='653580'   \/><label for='answer-id-653580' id='answer-label-653580' class=' answer'><span>Free movement of factors of production between member states.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-65' style=';'><div id='questionWrap-65'  class='   watupro-question-id-161207'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>65. <\/span>Which of the following businesses would benefit most from an expansionary monetary policy?<\/div><input type='hidden' name='question_id[]' id='qID_65' value='161207' \/><input type='hidden' id='answerType161207' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161207[]' id='answer-id-653581' class='answer   answerof-161207 ' value='653581'   \/><label for='answer-id-653581' id='answer-label-653581' class=' answer'><span>Companies with high levels of borrowing producing consumer durables.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161207[]' id='answer-id-653582' class='answer   answerof-161207 ' value='653582'   \/><label for='answer-id-653582' id='answer-label-653582' class=' answer'><span>Companies with low levels of borrowing in the supermarket industry.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161207[]' id='answer-id-653583' class='answer   answerof-161207 ' value='653583'   \/><label for='answer-id-653583' id='answer-label-653583' class=' answer'><span>Cash rich companies producing consumer durable goods.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161207[]' id='answer-id-653584' class='answer   answerof-161207 ' value='653584'   \/><label for='answer-id-653584' id='answer-label-653584' class=' answer'><span>Low geared companies whose inputs are mainly imported.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-66' style=';'><div id='questionWrap-66'  class='   watupro-question-id-161208'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>66. <\/span>Identify from the list below the financial instrument that is not a method of government borrowing:<\/div><input type='hidden' name='question_id[]' id='qID_66' value='161208' \/><input type='hidden' id='answerType161208' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161208[]' id='answer-id-653585' class='answer   answerof-161208 ' value='653585'   \/><label for='answer-id-653585' id='answer-label-653585' class=' answer'><span>Cash (i.e. notes and coins)<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161208[]' id='answer-id-653586' class='answer   answerof-161208 ' value='653586'   \/><label for='answer-id-653586' id='answer-label-653586' class=' answer'><span>Taxation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161208[]' id='answer-id-653587' class='answer   answerof-161208 ' value='653587'   \/><label for='answer-id-653587' id='answer-label-653587' class=' answer'><span>Contributions to state-provided pensions<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161208[]' id='answer-id-653588' class='answer   answerof-161208 ' value='653588'   \/><label for='answer-id-653588' id='answer-label-653588' class=' answer'><span>Government bonds<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-67' style=';'><div id='questionWrap-67'  class='   watupro-question-id-161209'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>67. <\/span>The consequences of globalization for national economies include all of the following except which one?<\/div><input type='hidden' name='question_id[]' id='qID_67' value='161209' \/><input type='hidden' id='answerType161209' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161209[]' id='answer-id-653589' class='answer   answerof-161209 ' value='653589'   \/><label for='answer-id-653589' id='answer-label-653589' class=' answer'><span>Greater independence in economic policy making.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161209[]' id='answer-id-653590' class='answer   answerof-161209 ' value='653590'   \/><label for='answer-id-653590' id='answer-label-653590' class=' answer'><span>Increased international trade and capital flows.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161209[]' id='answer-id-653591' class='answer   answerof-161209 ' value='653591'   \/><label for='answer-id-653591' id='answer-label-653591' class=' answer'><span>Greater synchronization of trade cycles.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161209[]' id='answer-id-653592' class='answer   answerof-161209 ' value='653592'   \/><label for='answer-id-653592' id='answer-label-653592' class=' answer'><span>Increased vulnerability to external economic shocks.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-68' style=';'><div id='questionWrap-68'  class='   watupro-question-id-161210'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>68. <\/span>Some not-for-profit organizations (NPOs) are required to show they are effective. <br \/>\r<br>Which one of the following most closely defines effective?<\/div><input type='hidden' name='question_id[]' id='qID_68' value='161210' \/><input type='hidden' id='answerType161210' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161210[]' id='answer-id-653593' class='answer   answerof-161210 ' value='653593'   \/><label for='answer-id-653593' id='answer-label-653593' class=' answer'><span>Conducts its activities and operations at low cost<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161210[]' id='answer-id-653594' class='answer   answerof-161210 ' value='653594'   \/><label for='answer-id-653594' id='answer-label-653594' class=' answer'><span>Achieves the goals and objectives set for it<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161210[]' id='answer-id-653595' class='answer   answerof-161210 ' value='653595'   \/><label for='answer-id-653595' id='answer-label-653595' class=' answer'><span>Finds the correct balance between cost and benefit<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161210[]' id='answer-id-653596' class='answer   answerof-161210 ' value='653596'   \/><label for='answer-id-653596' id='answer-label-653596' class=' answer'><span>Doesn't make losses<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-69' style=';'><div id='questionWrap-69'  class='   watupro-question-id-161211'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>69. <\/span>All the following statements relate to an increase in government spending which is not accompanied by an increase in taxation. <br \/>\r<br>Which statement is NOT correct?<\/div><input type='hidden' name='question_id[]' id='qID_69' value='161211' \/><input type='hidden' id='answerType161211' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161211[]' id='answer-id-653597' class='answer   answerof-161211 ' value='653597'   \/><label for='answer-id-653597' id='answer-label-653597' class=' answer'><span>The government's budget deficit will increase<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161211[]' id='answer-id-653598' class='answer   answerof-161211 ' value='653598'   \/><label for='answer-id-653598' id='answer-label-653598' class=' answer'><span>The aggregate demand curve will shift to the right<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161211[]' id='answer-id-653599' class='answer   answerof-161211 ' value='653599'   \/><label for='answer-id-653599' id='answer-label-653599' class=' answer'><span>The initial change in government spending may lead to a larger impact upon the economy<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161211[]' id='answer-id-653600' class='answer   answerof-161211 ' value='653600'   \/><label for='answer-id-653600' id='answer-label-653600' class=' answer'><span>An expansionary monetary policy is being pursued<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-70' style=';'><div id='questionWrap-70'  class='   watupro-question-id-161212'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>70. <\/span>Which of the following statements best describes a private firm?<\/div><input type='hidden' name='question_id[]' id='qID_70' value='161212' \/><input type='hidden' id='answerType161212' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161212[]' id='answer-id-653601' class='answer   answerof-161212 ' value='653601'   \/><label for='answer-id-653601' id='answer-label-653601' class=' answer'><span>An organization that does not seek profit<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161212[]' id='answer-id-653602' class='answer   answerof-161212 ' value='653602'   \/><label for='answer-id-653602' id='answer-label-653602' class=' answer'><span>An organization that is owned by shareholders<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161212[]' id='answer-id-653603' class='answer   answerof-161212 ' value='653603'   \/><label for='answer-id-653603' id='answer-label-653603' class=' answer'><span>An organization that is outside the state's influence<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161212[]' id='answer-id-653604' class='answer   answerof-161212 ' value='653604'   \/><label for='answer-id-653604' id='answer-label-653604' class=' answer'><span>An organization that is not directly owned by the state<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-71' style=';'><div id='questionWrap-71'  class='   watupro-question-id-161213'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>71. <\/span>Which of the following will be characteristics of the stakeholders most able to influence the management of an organization?<\/div><input type='hidden' name='question_id[]' id='qID_71' value='161213' \/><input type='hidden' id='answerType161213' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161213[]' id='answer-id-653605' class='answer   answerof-161213 ' value='653605'   \/><label for='answer-id-653605' id='answer-label-653605' class=' answer'><span>High power, low interest<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161213[]' id='answer-id-653606' class='answer   answerof-161213 ' value='653606'   \/><label for='answer-id-653606' id='answer-label-653606' class=' answer'><span>High power, high interest<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161213[]' id='answer-id-653607' class='answer   answerof-161213 ' value='653607'   \/><label for='answer-id-653607' id='answer-label-653607' class=' answer'><span>Low power, high interest<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161213[]' id='answer-id-653608' class='answer   answerof-161213 ' value='653608'   \/><label for='answer-id-653608' id='answer-label-653608' class=' answer'><span>Low power, low interest<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-72' style=';'><div id='questionWrap-72'  class='   watupro-question-id-161214'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>72. <\/span>Country Y and country Z both impose tariffs on goods imported from each other. <br \/>\r<br>Which of the following would likely to be a long-term effect of the imposition of such tariffs?<\/div><input type='hidden' name='question_id[]' id='qID_72' value='161214' \/><input type='hidden' id='answerType161214' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161214[]' id='answer-id-653609' class='answer   answerof-161214 ' value='653609'   \/><label for='answer-id-653609' id='answer-label-653609' class=' answer'><span>None. Tariffs affect exports and imports rather than real income<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161214[]' id='answer-id-653610' class='answer   answerof-161214 ' value='653610'   \/><label for='answer-id-653610' id='answer-label-653610' class=' answer'><span>Real income would be lower in Z but higher in Y<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161214[]' id='answer-id-653611' class='answer   answerof-161214 ' value='653611'   \/><label for='answer-id-653611' id='answer-label-653611' class=' answer'><span>Real income would be lower in Y but higher in Z<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161214[]' id='answer-id-653612' class='answer   answerof-161214 ' value='653612'   \/><label for='answer-id-653612' id='answer-label-653612' class=' answer'><span>Real income would grow at a slower rate in both countries compared to a situation in which there are no tariffs<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-73' style=';'><div id='questionWrap-73'  class='   watupro-question-id-161215'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>73. <\/span>All of the following are supply side policies to promote economic growth except which one?<\/div><input type='hidden' name='question_id[]' id='qID_73' value='161215' \/><input type='hidden' id='answerType161215' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161215[]' id='answer-id-653613' class='answer   answerof-161215 ' value='653613'   \/><label for='answer-id-653613' id='answer-label-653613' class=' answer'><span>Reduction of marginal rates of income tax.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161215[]' id='answer-id-653614' class='answer   answerof-161215 ' value='653614'   \/><label for='answer-id-653614' id='answer-label-653614' class=' answer'><span>Tariffs to encourage domestic suppliers of goods.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161215[]' id='answer-id-653615' class='answer   answerof-161215 ' value='653615'   \/><label for='answer-id-653615' id='answer-label-653615' class=' answer'><span>Deregulation of the financial sector.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161215[]' id='answer-id-653616' class='answer   answerof-161215 ' value='653616'   \/><label for='answer-id-653616' id='answer-label-653616' class=' answer'><span>Tax relief for business expenditure on research and development.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-74' style=';'><div id='questionWrap-74'  class='   watupro-question-id-161216'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>74. <\/span>Which of the following is not a consequence of a country suffering a high rate of inflation?<\/div><input type='hidden' name='question_id[]' id='qID_74' value='161216' \/><input type='hidden' id='answerType161216' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161216[]' id='answer-id-653617' class='answer   answerof-161216 ' value='653617'   \/><label for='answer-id-653617' id='answer-label-653617' class=' answer'><span>A depreciation in its exchange rate compared to currencies from countries with lower inflation rates<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161216[]' id='answer-id-653618' class='answer   answerof-161216 ' value='653618'   \/><label for='answer-id-653618' id='answer-label-653618' class=' answer'><span>A high nominal rate of interest<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161216[]' id='answer-id-653619' class='answer   answerof-161216 ' value='653619'   \/><label for='answer-id-653619' id='answer-label-653619' class=' answer'><span>Impoverishment of households on fixed incomes<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161216[]' id='answer-id-653620' class='answer   answerof-161216 ' value='653620'   \/><label for='answer-id-653620' id='answer-label-653620' class=' answer'><span>Excess aggregate demand for goods and services<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-75' style=';'><div id='questionWrap-75'  class='   watupro-question-id-161217'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>75. <\/span>A firm is considering a large capital investment project. <br \/>\r<br>It is considering delaying it in case the government introduces special tax breaks for investment that will reduce the tax the firm pays. In which stage of the trade cycle is the government least likely to reduce taxation?<\/div><input type='hidden' name='question_id[]' id='qID_75' value='161217' \/><input type='hidden' id='answerType161217' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161217[]' id='answer-id-653621' class='answer   answerof-161217 ' value='653621'   \/><label for='answer-id-653621' id='answer-label-653621' class=' answer'><span>Recession<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161217[]' id='answer-id-653622' class='answer   answerof-161217 ' value='653622'   \/><label for='answer-id-653622' id='answer-label-653622' class=' answer'><span>Depression<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161217[]' id='answer-id-653623' class='answer   answerof-161217 ' value='653623'   \/><label for='answer-id-653623' id='answer-label-653623' class=' answer'><span>Recovery<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161217[]' id='answer-id-653624' class='answer   answerof-161217 ' value='653624'   \/><label for='answer-id-653624' id='answer-label-653624' class=' answer'><span>Boom<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-76' style=';'><div id='questionWrap-76'  class='   watupro-question-id-161218'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>76. <\/span>Which global institution is concerned with enforcing the GATT?<\/div><input type='hidden' name='question_id[]' id='qID_76' value='161218' \/><input type='hidden' id='answerType161218' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161218[]' id='answer-id-653625' class='answer   answerof-161218 ' value='653625'   \/><label for='answer-id-653625' id='answer-label-653625' class=' answer'><span>The IMF<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161218[]' id='answer-id-653626' class='answer   answerof-161218 ' value='653626'   \/><label for='answer-id-653626' id='answer-label-653626' class=' answer'><span>The World Bank<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161218[]' id='answer-id-653627' class='answer   answerof-161218 ' value='653627'   \/><label for='answer-id-653627' id='answer-label-653627' class=' answer'><span>The World Trade Organization<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161218[]' id='answer-id-653628' class='answer   answerof-161218 ' value='653628'   \/><label for='answer-id-653628' id='answer-label-653628' class=' answer'><span>The G20<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-77' style=';'><div id='questionWrap-77'  class='   watupro-question-id-161219'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>77. <\/span>All of the following are characteristics of a recession except which one?<\/div><input type='hidden' name='question_id[]' id='qID_77' value='161219' \/><input type='hidden' id='answerType161219' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161219[]' id='answer-id-653629' class='answer   answerof-161219 ' value='653629'   \/><label for='answer-id-653629' id='answer-label-653629' class=' answer'><span>Rising levels of unemployment.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161219[]' id='answer-id-653630' class='answer   answerof-161219 ' value='653630'   \/><label for='answer-id-653630' id='answer-label-653630' class=' answer'><span>Increased inflationary pressure.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161219[]' id='answer-id-653631' class='answer   answerof-161219 ' value='653631'   \/><label for='answer-id-653631' id='answer-label-653631' class=' answer'><span>Improving trade balances.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161219[]' id='answer-id-653632' class='answer   answerof-161219 ' value='653632'   \/><label for='answer-id-653632' id='answer-label-653632' class=' answer'><span>Increased government budget deficits.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-78' style=';'><div id='questionWrap-78'  class='   watupro-question-id-161220'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>78. <\/span>When the economy is in recession, which of the following is least likely to reduce unemployment?<\/div><input type='hidden' name='question_id[]' id='qID_78' value='161220' \/><input type='hidden' id='answerType161220' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161220[]' id='answer-id-653633' class='answer   answerof-161220 ' value='653633'   \/><label for='answer-id-653633' id='answer-label-653633' class=' answer'><span>An expansionary fiscal policy<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161220[]' id='answer-id-653634' class='answer   answerof-161220 ' value='653634'   \/><label for='answer-id-653634' id='answer-label-653634' class=' answer'><span>The central bank cutting interest rates<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161220[]' id='answer-id-653635' class='answer   answerof-161220 ' value='653635'   \/><label for='answer-id-653635' id='answer-label-653635' class=' answer'><span>Retraining schemes for redundant workers<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161220[]' id='answer-id-653636' class='answer   answerof-161220 ' value='653636'   \/><label for='answer-id-653636' id='answer-label-653636' class=' answer'><span>A regulation extending employment rights for newly-hired workers<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-79' style=';'><div id='questionWrap-79'  class='   watupro-question-id-161221'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>79. <\/span>All of the following will result from increased international mobility of factors of production except which one?<\/div><input type='hidden' name='question_id[]' id='qID_79' value='161221' \/><input type='hidden' id='answerType161221' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161221[]' id='answer-id-653637' class='answer   answerof-161221 ' value='653637'   \/><label for='answer-id-653637' id='answer-label-653637' class=' answer'><span>A rise in world income and output.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161221[]' id='answer-id-653638' class='answer   answerof-161221 ' value='653638'   \/><label for='answer-id-653638' id='answer-label-653638' class=' answer'><span>Decreased international factor price differentials.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161221[]' id='answer-id-653639' class='answer   answerof-161221 ' value='653639'   \/><label for='answer-id-653639' id='answer-label-653639' class=' answer'><span>Increased financial flows on countries balance of payments capital accounts.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161221[]' id='answer-id-653640' class='answer   answerof-161221 ' value='653640'   \/><label for='answer-id-653640' id='answer-label-653640' class=' answer'><span>Decreased international specialization in production.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-80' style=';'><div id='questionWrap-80'  class='   watupro-question-id-161222'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>80. <\/span>In a recession, the central bank might adopt a policy of low interest rates. <br \/>\r<br>The businesses most likely to benefit from this are those which:<\/div><input type='hidden' name='question_id[]' id='qID_80' value='161222' \/><input type='hidden' id='answerType161222' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161222[]' id='answer-id-653641' class='answer   answerof-161222 ' value='653641'   \/><label for='answer-id-653641' id='answer-label-653641' class=' answer'><span>Sell their products mostly on credit<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161222[]' id='answer-id-653642' class='answer   answerof-161222 ' value='653642'   \/><label for='answer-id-653642' id='answer-label-653642' class=' answer'><span>Have low gearing ratios<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161222[]' id='answer-id-653643' class='answer   answerof-161222 ' value='653643'   \/><label for='answer-id-653643' id='answer-label-653643' class=' answer'><span>Are dependent on imported components and raw materials<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161222[]' id='answer-id-653644' class='answer   answerof-161222 ' value='653644'   \/><label for='answer-id-653644' id='answer-label-653644' class=' answer'><span>Produce services rather than manufactured goods<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-81' style=';'><div id='questionWrap-81'  class='   watupro-question-id-161223'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>81. <\/span>In a recession, the appropriate policy for a government seeking a recovery in the economy would be to:<\/div><input type='hidden' name='question_id[]' id='qID_81' value='161223' \/><input type='hidden' id='answerType161223' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161223[]' id='answer-id-653645' class='answer   answerof-161223 ' value='653645'   \/><label for='answer-id-653645' id='answer-label-653645' class=' answer'><span>cut public expenditure, reduce taxes, and lower interest rates<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161223[]' id='answer-id-653646' class='answer   answerof-161223 ' value='653646'   \/><label for='answer-id-653646' id='answer-label-653646' class=' answer'><span>raise public expenditure, reduce taxes and lower interest rates<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161223[]' id='answer-id-653647' class='answer   answerof-161223 ' value='653647'   \/><label for='answer-id-653647' id='answer-label-653647' class=' answer'><span>raise public expenditure, raise taxes and lower interest rates<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161223[]' id='answer-id-653648' class='answer   answerof-161223 ' value='653648'   \/><label for='answer-id-653648' id='answer-label-653648' class=' answer'><span>cut public expenditure, raise taxes and raise interest rates<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-82' style=';'><div id='questionWrap-82'  class='   watupro-question-id-161224'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>82. <\/span>The existence of a natural rate of unemployment means that<\/div><input type='hidden' name='question_id[]' id='qID_82' value='161224' \/><input type='hidden' id='answerType161224' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161224[]' id='answer-id-653649' class='answer   answerof-161224 ' value='653649'   \/><label for='answer-id-653649' id='answer-label-653649' class=' answer'><span>the short run Phillips curve is steeper that the long run Phillips curve.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161224[]' id='answer-id-653650' class='answer   answerof-161224 ' value='653650'   \/><label for='answer-id-653650' id='answer-label-653650' class=' answer'><span>nominal wages rise faster the prices in the long run.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161224[]' id='answer-id-653651' class='answer   answerof-161224 ' value='653651'   \/><label for='answer-id-653651' id='answer-label-653651' class=' answer'><span>governments cannot reduce unemployment below this level.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161224[]' id='answer-id-653652' class='answer   answerof-161224 ' value='653652'   \/><label for='answer-id-653652' id='answer-label-653652' class=' answer'><span>there is no trade-off between inflation and unemployment in the long run.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-83' style=';'><div id='questionWrap-83'  class='   watupro-question-id-161225'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>83. <\/span>In which of the stages of the trade cycle should the management accountant consider forecasting lower sales than in the previous year?<\/div><input type='hidden' name='question_id[]' id='qID_83' value='161225' \/><input type='hidden' id='answerType161225' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161225[]' id='answer-id-653653' class='answer   answerof-161225 ' value='653653'   \/><label for='answer-id-653653' id='answer-label-653653' class=' answer'><span>Recession<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161225[]' id='answer-id-653654' class='answer   answerof-161225 ' value='653654'   \/><label for='answer-id-653654' id='answer-label-653654' class=' answer'><span>Depression<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161225[]' id='answer-id-653655' class='answer   answerof-161225 ' value='653655'   \/><label for='answer-id-653655' id='answer-label-653655' class=' answer'><span>Recovery<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161225[]' id='answer-id-653656' class='answer   answerof-161225 ' value='653656'   \/><label for='answer-id-653656' id='answer-label-653656' class=' answer'><span>Boom<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-84' style=';'><div id='questionWrap-84'  class='   watupro-question-id-161226'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>84. <\/span>Which of the following would result from a depreciation in the exchange rate for a country's currency? <br \/>\r<br>i. A fall in the foreign exchange price of that country's exports. <br \/>\r<br>ii. A rise in the foreign exchange price of that country's imports. <br \/>\r<br>iii. A rise in production costs for businesses using imported inputs. <br \/>\r<br>iv. A worsening in that country's terms of trade. <br \/>\r<br>v. A fall in the domestic prices of that country's imports. <br \/>\r<br>vi. A rise in the domestic price of that country's exports.<\/div><input type='hidden' name='question_id[]' id='qID_84' value='161226' \/><input type='hidden' id='answerType161226' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161226[]' id='answer-id-653657' class='answer   answerof-161226 ' value='653657'   \/><label for='answer-id-653657' id='answer-label-653657' class=' answer'><span>(i), (ii) and (iv) only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161226[]' id='answer-id-653658' class='answer   answerof-161226 ' value='653658'   \/><label for='answer-id-653658' id='answer-label-653658' class=' answer'><span>(i), (iii) and (iv) only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161226[]' id='answer-id-653659' class='answer   answerof-161226 ' value='653659'   \/><label for='answer-id-653659' id='answer-label-653659' class=' answer'><span>(ii), (v) and (vi) only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161226[]' id='answer-id-653660' class='answer   answerof-161226 ' value='653660'   \/><label for='answer-id-653660' id='answer-label-653660' class=' answer'><span>(iv), (v) and (vi) only<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-85' style=';'><div id='questionWrap-85'  class='   watupro-question-id-161227'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>85. <\/span>A rise in interest rates in an economy would lead to all of the following except which one?<\/div><input type='hidden' name='question_id[]' id='qID_85' value='161227' \/><input type='hidden' id='answerType161227' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161227[]' id='answer-id-653661' class='answer   answerof-161227 ' value='653661'   \/><label for='answer-id-653661' id='answer-label-653661' class=' answer'><span>A rise in the exchange rate for the currency<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161227[]' id='answer-id-653662' class='answer   answerof-161227 ' value='653662'   \/><label for='answer-id-653662' id='answer-label-653662' class=' answer'><span>A rise in personal saving<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161227[]' id='answer-id-653663' class='answer   answerof-161227 ' value='653663'   \/><label for='answer-id-653663' id='answer-label-653663' class=' answer'><span>An increase in business investment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161227[]' id='answer-id-653664' class='answer   answerof-161227 ' value='653664'   \/><label for='answer-id-653664' id='answer-label-653664' class=' answer'><span>A rise in public expenditure<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-86' style=';'><div id='questionWrap-86'  class='   watupro-question-id-161228'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>86. <\/span>Which of the following assertions would not be consistent with supply side economics?<\/div><input type='hidden' name='question_id[]' id='qID_86' value='161228' \/><input type='hidden' id='answerType161228' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161228[]' id='answer-id-653665' class='answer   answerof-161228 ' value='653665'   \/><label for='answer-id-653665' id='answer-label-653665' class=' answer'><span>Lower taxation increases national income by reducing disincentives to work and invest<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161228[]' id='answer-id-653666' class='answer   answerof-161228 ' value='653666'   \/><label for='answer-id-653666' id='answer-label-653666' class=' answer'><span>High interest rates may reduce investment expenditure and so harm national income growth<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161228[]' id='answer-id-653667' class='answer   answerof-161228 ' value='653667'   \/><label for='answer-id-653667' id='answer-label-653667' class=' answer'><span>Increasing aggregate demand will not affect national income or the price level<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161228[]' id='answer-id-653668' class='answer   answerof-161228 ' value='653668'   \/><label for='answer-id-653668' id='answer-label-653668' class=' answer'><span>Aggregate supply creates its own demand<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-87' style=';'><div id='questionWrap-87'  class='   watupro-question-id-161229'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>87. <\/span>The distinguishing feature of a transnational (multinational) company is that<\/div><input type='hidden' name='question_id[]' id='qID_87' value='161229' \/><input type='hidden' id='answerType161229' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161229[]' id='answer-id-653669' class='answer   answerof-161229 ' value='653669'   \/><label for='answer-id-653669' id='answer-label-653669' class=' answer'><span>it exports its products to more than one country.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161229[]' id='answer-id-653670' class='answer   answerof-161229 ' value='653670'   \/><label for='answer-id-653670' id='answer-label-653670' class=' answer'><span>its production process uses inputs from more than one country.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161229[]' id='answer-id-653671' class='answer   answerof-161229 ' value='653671'   \/><label for='answer-id-653671' id='answer-label-653671' class=' answer'><span>it has production facilities in more than one country.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161229[]' id='answer-id-653672' class='answer   answerof-161229 ' value='653672'   \/><label for='answer-id-653672' id='answer-label-653672' class=' answer'><span>it has shareholders in more than one country.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-88' style=';'><div id='questionWrap-88'  class='   watupro-question-id-161230'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>88. <\/span>Which ONE of the following increases the price of the shares in ABC plc?<\/div><input type='hidden' name='question_id[]' id='qID_88' value='161230' \/><input type='hidden' id='answerType161230' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161230[]' id='answer-id-653673' class='answer   answerof-161230 ' value='653673'   \/><label for='answer-id-653673' id='answer-label-653673' class=' answer'><span>A fall in interest rates<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161230[]' id='answer-id-653674' class='answer   answerof-161230 ' value='653674'   \/><label for='answer-id-653674' id='answer-label-653674' class=' answer'><span>Falling demand for some of ABC's key products<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161230[]' id='answer-id-653675' class='answer   answerof-161230 ' value='653675'   \/><label for='answer-id-653675' id='answer-label-653675' class=' answer'><span>Constant ROCE at ABC plc<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161230[]' id='answer-id-653676' class='answer   answerof-161230 ' value='653676'   \/><label for='answer-id-653676' id='answer-label-653676' class=' answer'><span>News of better economic outlook in ABC's home country<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-89' style=';'><div id='questionWrap-89'  class='   watupro-question-id-161231'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>89. <\/span>All of the following are examples of structural unemployment except which one?<\/div><input type='hidden' name='question_id[]' id='qID_89' value='161231' \/><input type='hidden' id='answerType161231' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161231[]' id='answer-id-653677' class='answer   answerof-161231 ' value='653677'   \/><label for='answer-id-653677' id='answer-label-653677' class=' answer'><span>Redundancies in shipbuilding caused by competition from abroad.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161231[]' id='answer-id-653678' class='answer   answerof-161231 ' value='653678'   \/><label for='answer-id-653678' id='answer-label-653678' class=' answer'><span>Falling employment in manufacturing industry resulting from a decline in consumer incomes.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161231[]' id='answer-id-653679' class='answer   answerof-161231 ' value='653679'   \/><label for='answer-id-653679' id='answer-label-653679' class=' answer'><span>Unemployment in coal mining caused by the advent of new energy sources.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161231[]' id='answer-id-653680' class='answer   answerof-161231 ' value='653680'   \/><label for='answer-id-653680' id='answer-label-653680' class=' answer'><span>Above average unemployment rates among low skilled workers.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-90' style=';'><div id='questionWrap-90'  class='   watupro-question-id-161232'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>90. <\/span>All of the following would lead to fall in the circular flow of national income except which one ?<\/div><input type='hidden' name='question_id[]' id='qID_90' value='161232' \/><input type='hidden' id='answerType161232' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161232[]' id='answer-id-653681' class='answer   answerof-161232 ' value='653681'   \/><label for='answer-id-653681' id='answer-label-653681' class=' answer'><span>A fall in business investment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161232[]' id='answer-id-653682' class='answer   answerof-161232 ' value='653682'   \/><label for='answer-id-653682' id='answer-label-653682' class=' answer'><span>A fall in personal savings rates<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161232[]' id='answer-id-653683' class='answer   answerof-161232 ' value='653683'   \/><label for='answer-id-653683' id='answer-label-653683' class=' answer'><span>A reduction in the level of government expenditure<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161232[]' id='answer-id-653684' class='answer   answerof-161232 ' value='653684'   \/><label for='answer-id-653684' id='answer-label-653684' class=' answer'><span>A rise in the marginal propensity to save<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-91' style=';'><div id='questionWrap-91'  class='   watupro-question-id-161233'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>91. <\/span>A business would benefit most from an appreciation in the currency of the country in which it is based if:<\/div><input type='hidden' name='question_id[]' id='qID_91' value='161233' \/><input type='hidden' id='answerType161233' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161233[]' id='answer-id-653685' class='answer   answerof-161233 ' value='653685'   \/><label for='answer-id-653685' id='answer-label-653685' class=' answer'><span>it exports to other countries a significant proportion of its output<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161233[]' id='answer-id-653686' class='answer   answerof-161233 ' value='653686'   \/><label for='answer-id-653686' id='answer-label-653686' class=' answer'><span>it imports a high proportion of the raw materials and components it uses<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161233[]' id='answer-id-653687' class='answer   answerof-161233 ' value='653687'   \/><label for='answer-id-653687' id='answer-label-653687' class=' answer'><span>in its domestic market it faces competition from imports<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161233[]' id='answer-id-653688' class='answer   answerof-161233 ' value='653688'   \/><label for='answer-id-653688' id='answer-label-653688' class=' answer'><span>its production costs are largely domestic labor costs<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-92' style=';'><div id='questionWrap-92'  class='   watupro-question-id-161234'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>92. <\/span>At which stage of the trade cycle should management anticipate a rise in interest rates?<\/div><input type='hidden' name='question_id[]' id='qID_92' value='161234' \/><input type='hidden' id='answerType161234' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161234[]' id='answer-id-653689' class='answer   answerof-161234 ' value='653689'   \/><label for='answer-id-653689' id='answer-label-653689' class=' answer'><span>Recession<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161234[]' id='answer-id-653690' class='answer   answerof-161234 ' value='653690'   \/><label for='answer-id-653690' id='answer-label-653690' class=' answer'><span>Depression<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161234[]' id='answer-id-653691' class='answer   answerof-161234 ' value='653691'   \/><label for='answer-id-653691' id='answer-label-653691' class=' answer'><span>Recovery<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161234[]' id='answer-id-653692' class='answer   answerof-161234 ' value='653692'   \/><label for='answer-id-653692' id='answer-label-653692' class=' answer'><span>Boom<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-93' style=';'><div id='questionWrap-93'  class='   watupro-question-id-161235'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>93. <\/span>When faced with a recession, the appropriate combination of policies for a government in order to generate a recovery is<\/div><input type='hidden' name='question_id[]' id='qID_93' value='161235' \/><input type='hidden' id='answerType161235' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161235[]' id='answer-id-653693' class='answer   answerof-161235 ' value='653693'   \/><label for='answer-id-653693' id='answer-label-653693' class=' answer'><span>Tax cuts, reduced public expenditure and lower interest rates.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161235[]' id='answer-id-653694' class='answer   answerof-161235 ' value='653694'   \/><label for='answer-id-653694' id='answer-label-653694' class=' answer'><span>Monetary expansion, increases in public expenditure and an appreciation of the exchange rate.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161235[]' id='answer-id-653695' class='answer   answerof-161235 ' value='653695'   \/><label for='answer-id-653695' id='answer-label-653695' class=' answer'><span>Reduction of the fiscal deficit and increased money supply.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161235[]' id='answer-id-653696' class='answer   answerof-161235 ' value='653696'   \/><label for='answer-id-653696' id='answer-label-653696' class=' answer'><span>Tax cuts, monetary expansion and a depreciation of the exchange rate.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-94' style=';'><div id='questionWrap-94'  class='   watupro-question-id-161236'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>94. <\/span>All of the following could cause the onset of a recession except which one?<\/div><input type='hidden' name='question_id[]' id='qID_94' value='161236' \/><input type='hidden' id='answerType161236' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161236[]' id='answer-id-653697' class='answer   answerof-161236 ' value='653697'   \/><label for='answer-id-653697' id='answer-label-653697' class=' answer'><span>A significant appreciation of the exchange rate<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161236[]' id='answer-id-653698' class='answer   answerof-161236 ' value='653698'   \/><label for='answer-id-653698' id='answer-label-653698' class=' answer'><span>A decline in business investment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161236[]' id='answer-id-653699' class='answer   answerof-161236 ' value='653699'   \/><label for='answer-id-653699' id='answer-label-653699' class=' answer'><span>A significant fall in personal savings rates<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161236[]' id='answer-id-653700' class='answer   answerof-161236 ' value='653700'   \/><label for='answer-id-653700' id='answer-label-653700' class=' answer'><span>An increase in the government budget deficit<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-95' style=';'><div id='questionWrap-95'  class='   watupro-question-id-161237'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>95. <\/span>Inflation is undesirable for all of the following reasons except which one?<\/div><input type='hidden' name='question_id[]' id='qID_95' value='161237' \/><input type='hidden' id='answerType161237' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161237[]' id='answer-id-653701' class='answer   answerof-161237 ' value='653701'   \/><label for='answer-id-653701' id='answer-label-653701' class=' answer'><span>Inflation decreases the international competitiveness of the business sector.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161237[]' id='answer-id-653702' class='answer   answerof-161237 ' value='653702'   \/><label for='answer-id-653702' id='answer-label-653702' class=' answer'><span>Inflation distorts the price system and the process of resource allocation.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161237[]' id='answer-id-653703' class='answer   answerof-161237 ' value='653703'   \/><label for='answer-id-653703' id='answer-label-653703' class=' answer'><span>Inflation shifts wealth from debtors to creditors in an arbitrary fashion.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161237[]' id='answer-id-653704' class='answer   answerof-161237 ' value='653704'   \/><label for='answer-id-653704' id='answer-label-653704' class=' answer'><span>Inflation makes business forecasting and planning more difficult.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-96' style=';'><div id='questionWrap-96'  class='   watupro-question-id-161238'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>96. <\/span>The business sector will be affected by a contraction in the money supply because<\/div><input type='hidden' name='question_id[]' id='qID_96' value='161238' \/><input type='hidden' id='answerType161238' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161238[]' id='answer-id-653705' class='answer   answerof-161238 ' value='653705'   \/><label for='answer-id-653705' id='answer-label-653705' class=' answer'><span>Interest rates will tend to fall, thus reducing business costs.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161238[]' id='answer-id-653706' class='answer   answerof-161238 ' value='653706'   \/><label for='answer-id-653706' id='answer-label-653706' class=' answer'><span>Inflation will fall and thus demand in the economy will expand.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161238[]' id='answer-id-653707' class='answer   answerof-161238 ' value='653707'   \/><label for='answer-id-653707' id='answer-label-653707' class=' answer'><span>Consumer credit will contract thus reducing consumer demand.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161238[]' id='answer-id-653708' class='answer   answerof-161238 ' value='653708'   \/><label for='answer-id-653708' id='answer-label-653708' class=' answer'><span>The exchange rate will fall thus making business more internationally competitive.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-97' style=';'><div id='questionWrap-97'  class='   watupro-question-id-161239'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>97. <\/span>As a result of a period of rapid economic growth, an economy is likely to experience all of the following except which one?<\/div><input type='hidden' name='question_id[]' id='qID_97' value='161239' \/><input type='hidden' id='answerType161239' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161239[]' id='answer-id-653709' class='answer   answerof-161239 ' value='653709'   \/><label for='answer-id-653709' id='answer-label-653709' class=' answer'><span>An improving overseas trade balance.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161239[]' id='answer-id-653710' class='answer   answerof-161239 ' value='653710'   \/><label for='answer-id-653710' id='answer-label-653710' class=' answer'><span>Falling levels of unemployment.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161239[]' id='answer-id-653711' class='answer   answerof-161239 ' value='653711'   \/><label for='answer-id-653711' id='answer-label-653711' class=' answer'><span>Increased inflationary pressure.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161239[]' id='answer-id-653712' class='answer   answerof-161239 ' value='653712'   \/><label for='answer-id-653712' id='answer-label-653712' class=' answer'><span>Rising government tax receipts.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-98' style=';'><div id='questionWrap-98'  class='   watupro-question-id-161240'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>98. <\/span>If a government adopted an expansionary fiscal policy of cutting direct taxes, the businesses that would benefit most would be those whose products:<\/div><input type='hidden' name='question_id[]' id='qID_98' value='161240' \/><input type='hidden' id='answerType161240' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161240[]' id='answer-id-653713' class='answer   answerof-161240 ' value='653713'   \/><label for='answer-id-653713' id='answer-label-653713' class=' answer'><span>Are largely bought on credit<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161240[]' id='answer-id-653714' class='answer   answerof-161240 ' value='653714'   \/><label for='answer-id-653714' id='answer-label-653714' class=' answer'><span>Are largely exported<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161240[]' id='answer-id-653715' class='answer   answerof-161240 ' value='653715'   \/><label for='answer-id-653715' id='answer-label-653715' class=' answer'><span>Have a high price elasticity of demand<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161240[]' id='answer-id-653716' class='answer   answerof-161240 ' value='653716'   \/><label for='answer-id-653716' id='answer-label-653716' class=' answer'><span>Are sold mainly to individual consumers<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-99' style=';'><div id='questionWrap-99'  class='   watupro-question-id-161241'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>99. <\/span>Which ONE of the following should NOT be classed as an agent of a firm's shareholder?<\/div><input type='hidden' name='question_id[]' id='qID_99' value='161241' \/><input type='hidden' id='answerType161241' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161241[]' id='answer-id-653717' class='answer   answerof-161241 ' value='653717'   \/><label for='answer-id-653717' id='answer-label-653717' class=' answer'><span>A non-executive director<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161241[]' id='answer-id-653718' class='answer   answerof-161241 ' value='653718'   \/><label for='answer-id-653718' id='answer-label-653718' class=' answer'><span>An executive director<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161241[]' id='answer-id-653719' class='answer   answerof-161241 ' value='653719'   \/><label for='answer-id-653719' id='answer-label-653719' class=' answer'><span>The chair of the company<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161241[]' id='answer-id-653720' class='answer   answerof-161241 ' value='653720'   \/><label for='answer-id-653720' id='answer-label-653720' class=' answer'><span>The firm's banker<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-100' style=';'><div id='questionWrap-100'  class='   watupro-question-id-161242'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>100. <\/span>Which of the following best describes a project that has a negative Net Present Value?<\/div><input type='hidden' name='question_id[]' id='qID_100' value='161242' \/><input type='hidden' id='answerType161242' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161242[]' id='answer-id-653721' class='answer   answerof-161242 ' value='653721'   \/><label for='answer-id-653721' id='answer-label-653721' class=' answer'><span>A loss making project<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161242[]' id='answer-id-653722' class='answer   answerof-161242 ' value='653722'   \/><label for='answer-id-653722' id='answer-label-653722' class=' answer'><span>A project that doesn't make enough profit to pay the interest on the money borrowed to invest in it<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161242[]' id='answer-id-653723' class='answer   answerof-161242 ' value='653723'   \/><label for='answer-id-653723' id='answer-label-653723' class=' answer'><span>A project that doesn't make sufficient returns to fully compensate investors for the funds they invest in it<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-161242[]' id='answer-id-653724' class='answer   answerof-161242 ' value='653724'   \/><label for='answer-id-653724' id='answer-label-653724' class=' answer'><span>A project that will only start making profits after the present year has finished<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div style='display:none' id='question-101'>\n\t<div class='question-content'>\n\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\" alt=\"Loading...\" title=\"Loading...\" \/>&nbsp;Loading...\t<\/div>\n<\/div>\n\n<br \/>\n\t\n\t\t\t<div class=\"watupro_buttons flex \" id=\"watuPROButtons5023\" >\n\t\t  <div id=\"prev-question\" style=\"display:none;\"><input type=\"button\" value=\"&lt; Previous\" onclick=\"WatuPRO.nextQuestion(event, 'previous');\"\/><\/div>\t\t  \t\t  \t\t   \n\t\t   \t  \t\t<div><input type=\"button\" name=\"action\" class=\"watupro-submit-button\" onclick=\"WatuPRO.submitResult(event)\" id=\"action-button\" value=\"View Results\"  \/>\n\t\t<\/div>\n\t\t<\/div>\n\t\t\n\t<input type=\"hidden\" name=\"quiz_id\" value=\"5023\" id=\"watuPROExamID\"\/>\n\t<input type=\"hidden\" name=\"start_time\" id=\"startTime\" value=\"2026-05-10 01:20:04\" \/>\n\t<input type=\"hidden\" name=\"start_timestamp\" id=\"startTimeStamp\" value=\"1778376004\" \/>\n\t<input type=\"hidden\" 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