Free Analyzing the Supply Market Exam A6 Exam Practice Test

Q8. Which of the following headings would appear in the current account of a country's balance of payments?

• Transactions in goods and services
• Transactions in external assets and liabilities
• Transactions in large sums of money
• Transactions in stocks and shares.

• The sales increase
• The sales decrease
• The sales remain the same
• The sales double.

• Political-Environmental-Social-Technical
• Population-Education-Sport-Taxation
• Policy-Expansion-Security-Training
• political-Economic-Social-Technological.

• A price which will secure a company as many sales as its competitors
• A price which will improve a country??s balance of trade with other countries
• A price which will be achieved when the quantities demanded and supplied are the same
• A price which will be acceptable to customers, directors and shareholders.

Q10 A PEST analysis is conducted on which of the following environments of a company? (2 marks)

• External
• Internal
• Historical
• Political

• An economy in which resource allocation and production levels are made by a centralized body
• An economy in which firms attempt to make the largest profit and individuals try to get the best deals
• An economy that earns a mix of revenue from both domestic and international trade
• An economy in which there is some state intervention in the way of economic policy to manage the economy.

Q7 Which of the following describes people leaving one job and moving to another? (2 marks)

• Structural unemployment
• Frictional unemployment
• Migration unemployment
• Cyclical unemployment

• The government's campaign leading up to a general election
• The government tightening the rules for allowing asylum seekers to enter the country
• The government increasing the tax on fuel and oil
• The government providing aid to foreign countries.

• The range of advertising methods that a company might use to sell its products
• The range of products or services that a company provides
• The range of business activities in relation to product, price, place and promotion
• The range of sales channels that a company might use for distribution.

• Government revenues exceeding government expenditure
• Government expenditure equaling government revenue
• Government revenues creating government expenditure
• Government expenditure exceeding government revenue