快速查题-ACCA英国注册会计师试题

Chapter1-4

Chapter5-8

Chapter9-11

Chapter12-14

Chapter15-17

Chapter18-19

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Northland, Southland, Eastland and Westland are four countries of Asia. The following economic statistics have been produced for the year 2007.

Which country experienced stagflation in the relevant period?

Northland

Southland

Eastland

Westland

____economic growth is determined by supply-side rather than by demand side factors.Which word correctly completes this statement?

Actual

Potential

National

In a free market economy, the price mechanism：

Aids government control

Allocates resources

Measures national wealth

The supply curve of a firm operating in a competitive market is its

Marginal cost curve above the average variable cost curve

Marginal cost curve above the average total cost curve

Average total cost curve beyond the point where the marginal cost curve cuts it from below

Average variable cost curve below the average revenue curve

A legal minimum price is set which is below the equilibrium price. What will be the impact of this?

Excess of demand over supply

Excess of supply over demand

Nothing

Which one of the following would cause the supply curve for a good to shift to the right (outwards from the origin)?

A fall in the price of the good

An increase in the demand for the good

A fall in production costs of the good

The imposition of a minimum price

When the price of a good is held above the equilibrium price, the result will be？

Excess demand

A shortage of the good

A surplus of the good

Which one of the following would not lead directly to a shift in the demand curve for overseas holidays?

An advertising campaign by holiday tour operators

A fall in the disposable incomes of consumers

A rise in the price of domestic holidays

A rise in the price of overseas holidays

Which of the following is likely to lead to a fall in the price of good Q which is a normal good?

A rise in the price of good P, a substitute for good Q

A fall in the level of household incomes generally

A fall in the price of good T, a complement to good Q

A belief that the price of good Q is likely to double in the next 3 months

According to the theory of the firm, which of the following statements describes an oligopoly?

There are no barriers to entry into or exit from the market

There is only one producer in the market

There are four producers exerting considerable influence in the market

There are many producers but they each use product differentiation to distinguish themselves

from each other