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BUSINESS ECONOMICS Question & Answers
- Exam (elaborations) • 14 pages • 2024
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3 reasons for diseconomies of scale - ANSWER: 1) problems with cooperation and morale 
2) increased demand for factors of production -> their price rises 
3) the Law of Diminishing Returns 
3 reasons for external economies of scale - ANSWER: 1) training 
2) infrastructure 
3) the growth of ancillary industries 
7 types of economies of scale: - ANSWER: 1) the spreading of fixed costs over a larger output 
2) technical economies 
 - ratios of length/area/volume 
 - invisibility of factors 
3...
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AUDITING THEORY PRELIM REVIEWER (875 Multiple Choice Questions), Exams of Business Economics perfect solution
- Exam (elaborations) • 100 pages • 2024
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AUDITING THEORY PRELIM REVIEWER (875 Multiple Choice Questions), Exams of Business Economics
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AUDITING THEORY PRELIM REVIEWER (875 Multiple Choice Questions), Exams of Business Economics
- Exam (elaborations) • 100 pages • 2024
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AUDITING THEORY PRELIM REVIEWER (875 Multiple Choice Questions), Exams of Business Economics
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Business Economics 2 – Macro WITH CORRECT ANSWERS.
- Exam (elaborations) • 10 pages • 2023
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GDP measures/ GDP is calculated by... (3)CORRECT ANSWER Aggregate output, aggregate expenditure, aggregate income 
 
2 uses of GDPCORRECT ANSWER To compare economic welfare over time, to compare economic welfare across countries 
 
6 determinants of consumptionCORRECT ANSWER DISPOSABLE INCOME, interest rates, consumer confidence, wealth effects, availability of credit, inflation 
 
7 factors affecting the level of investmentCORRECT ANSWER INTEREST RATES, rate of economic growth, costs, business ...
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Business Economics 2 – Macro WITH CORRECT ANSWERS.
- Exam (elaborations) • 10 pages • 2023
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- $13.49
- + learn more
GDP measures/ GDP is calculated by... (3)CORRECT ANSWER Aggregate output, aggregate expenditure, aggregate income 
 
2 uses of GDPCORRECT ANSWER To compare economic welfare over time, to compare economic welfare across countries 
 
6 determinants of consumptionCORRECT ANSWER DISPOSABLE INCOME, interest rates, consumer confidence, wealth effects, availability of credit, inflation 
 
7 factors affecting the level of investmentCORRECT ANSWER INTEREST RATES, rate of economic growth, costs, business ...
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