Qualification > Commerce
economics mcqs
Flip:
--- Quote from: Flip on June 03, 2010, 05:57:29 pm ---Can somebody help me out with the following MCQ questions for CIE AS Economics Paper 1?
May/June 2006 - 4 & 27
October/November 2006 - 26 & 27
May/June 2007 - 29
Thank you in advance.
--- End quote ---
Could someone kindly explain these questions please?
Freaked12:
--- Quote from: Flip on June 03, 2010, 06:38:05 pm ---Could someone kindly explain these questions please?
--- End quote ---
May /June 2006
Question 4)
A this lowers cost of transporting goods and raw materials, therefore it is worth while to specialise in Production.
27-D Inflation falls because imports are cheaper and demand for local goods fall.Currency falls because there is less demand for exports and more demand for imports
Freaked12:
--- Quote from: Flip on June 03, 2010, 06:38:05 pm ---Could someone kindly explain these questions please?
--- End quote ---
October November 06
26-B
Supply of money is cause of inflation but not related to cost push.
27-Balance of payment is in deficit because of three reasons
Imports exceed exports
Exports just increase imports but financial account is in deficit
and
Current account has a large surplus
so answer is B
29-B A depreciation of sterling will make imports dearer hence it is a source of inflation
MAF:
could you do m/j 02 Q28? and oct/nov 02 q26? howd we do them?
and their the same concept but give different answers....
Freaked12:
--- Quote from: MAF on June 03, 2010, 07:35:22 pm ---could you do m/j 02 Q28? and oct/nov 02 q26? howd we do them?
and their the same concept but give different answers....
--- End quote ---
M/j
28-A
this causes the demand for money to rise,interest rate rises because money supply is constant
can u post november question here
i dont have it
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