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Free BA1 – Fundamentals of Business Economics Practice Test Question

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Showing 10–12 of 20 questions

Question 10

VapNat, an e-cigarette store, has experienced a steep decline in sales over the past six months, despite the economy in general performing well.

Which of the following are most likely to have contributed to such a decline? Select ALL that apply.

Select all that apply, then click Submit answer.

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    Social factors
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    Tech nological factors
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    Legal factors
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    Environmental factors
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    Political factors
  • ○

    Economic factors
Question 11

Which one of the following would lead to a fall (depreciation) in the exchange rate for a country's currency?

Select an option, then click Submit answer.

  • ○

    A fall in interest rates in that country
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    An inflation rate below that of the country's trading partners
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    A fall in that country's imports
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    A fall in the export of capital from that country
Question 12

If the demand curve for good A is negatively sloped, a fall in the price of a substitute good B results in

Select an option, then click Submit answer.

  • ○

    An increase in the quantity demanded of good A
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    A rightward shift in the demand curve for good A
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    A leftward shift in the demand curve for good B
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    A leftward shift in the demand curve for good A