support@Free-Braindumps.com
Register Login
Cisco
CompTIA
ISC
EC-Council
EXIN
Fortinet
ITIL
Juniper
Microsoft
VMware
Avaya
SAP
Google
NVIDIA
Salesforce
Amazon
Palo Alto Networks
ISC2
CrowdStrike
Anthropic
All Vendors
  1. Home
  2. Exams
  3. CIMA
  4. CIMAPRA17-BA1-1

Free CIMAPRA17-BA1-1 Exam Braindumps
BA1 - Fundamentals of Business Economics Questions 191–195 (page: 40)

Updated On: 9-Feb-2026
Page 40 of 95
PDF with 468 Questions

If a manufacturing firm contributes to global warming as a byproduct of its production process, this is an example of

  1. A merit good
  2. An external social cost
  3. A diseconomy of scale
  4. A public good

Answer(s): B



Which of the following is most likely to increase rather than to reduce market imperfections?

  1. An increase in the number of buyers and sellers in a market
  2. A lowering of entry barriers separating markets
  3. Informative advertising giving way to persuasive advertising
  4. Employers making greater use of the Internet to advertise job vacancies

Answer(s): C



Which of the following statements is always true for a merit good?

  1. It is characterized by non-excludability and non-rivalry
  2. When consumed, the social benefits exceed the private benefits
  3. Zero negative externalities result from the consumption of a merit good
  4. It is provided free by the government

Answer(s): B



Merit goods are typically characterized by

  1. non-excludability in consumption
  2. external social costs in production
  3. external social benefits in consumption
  4. non-rivalry in consumption

Answer(s): C



Production of a good is in the public interest if

  1. Social benefits are greater than social costs
  2. Private benefits equal private costs
  3. External benefits equal external costs
  4. Social costs are greater than private costs

Answer(s): A



  PDF
Viewing page 40 of 95
Viewing questions 196 - 200 out of 468 questions


Post your Comments and Discuss CIMA CIMAPRA17-BA1-1 exam prep with other Community members:

AI Tutor AI Tutor 👋 I’m here to help!